LGH vs. PHDG ETF Comparison

Comparison of HCM Defender 500 Index ETF (LGH) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

LGH

HCM Defender 500 Index ETF

LGH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 500 Index (the HCM 500 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 index. The HCM 500 index seeks to outperform the Solactive US Large Cap Index using a proprietary methodology.

Grade (RS Rating)

Last Trade

$53.05

Average Daily Volume

22,066

Number of Holdings ^*

452

* 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

$38.29

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	LGH	PHDG
30 Days	2.26%	-1.45%
60 Days	5.85%	1.30%
90 Days	7.34%	1.18%
12 Months	36.69%	18.05%

415 Overlapping Holdings

	Symbol	Grade	Weight in LGH	Weight in PHDG	Overlap
	A	D	0.06%	0.04%	0.04%
	AAPL	C	6.46%	3.74%	3.74%
	ABBV	F	0.44%	0.32%	0.32%
	ABNB	C	0.08%	0.06%	0.06%
	ABT	B	0.29%	0.22%	0.22%
	ACGL	C	0.05%	0.04%	0.04%
	ACN	B	0.34%	0.24%	0.24%
	ADBE	C	0.33%	0.25%	0.25%
	ADI	D	0.15%	0.11%	0.11%
	ADM	D	0.04%	0.03%	0.03%
	ADP	A	0.18%	0.13%	0.13%
	ADSK	A	0.09%	0.07%	0.07%
	AEE	A	0.03%	0.03%	0.03%
	AEP	C	0.07%	0.05%	0.05%
	AFL	B	0.08%	0.06%	0.06%
	AIG	B	0.07%	0.05%	0.05%
	AJG	A	0.09%	0.07%	0.07%
	AKAM	D	0.02%	0.01%	0.01%
	ALGN	D	0.02%	0.02%	0.02%
	ALL	A	0.07%	0.06%	0.06%
	AMAT	F	0.21%	0.17%	0.17%
	AMD	F	0.33%	0.24%	0.24%
	AME	A	0.06%	0.05%	0.05%
	AMGN	F	0.23%	0.17%	0.17%
	AMP	A	0.08%	0.06%	0.06%
	AMT	C	0.13%	0.1%	0.1%
	AMZN	C	3.73%	2.13%	2.13%
	ANET	C	0.13%	0.11%	0.11%
	ANSS	B	0.04%	0.03%	0.03%
	AON	A	0.1%	0.09%	0.09%
	APD	A	0.09%	0.08%	0.08%
	APH	A	0.12%	0.09%	0.09%
	ARE	F	0.02%	0.02%	0.02%
	ATO	A	0.03%	0.02%	0.02%
	AVB	B	0.05%	0.03%	0.03%
	AVGO	D	1.43%	0.86%	0.86%
	AVY	F	0.02%	0.02%	0.02%
	AWK	C	0.04%	0.03%	0.03%
	AXON	A	0.05%	0.05%	0.05%
	AXP	A	0.23%	0.17%	0.17%
	AZO	C	0.07%	0.06%	0.06%
	BA	F	0.11%	0.11%	0.11%
	BAC	A	0.46%	0.33%	0.33%
	BALL	F	0.03%	0.02%	0.02%
	BAX	F	0.03%	0.02%	0.02%
	BBY	D	0.03%	0.02%	0.02%
	BDX	F	0.1%	0.07%	0.07%
	BG	D	0.02%	0.01%	0.01%
	BIIB	F	0.04%	0.03%	0.03%
	BK	A	0.08%	0.06%	0.06%
	BKNG	A	0.24%	0.18%	0.18%
	BKR	A	0.06%	0.05%	0.05%
	BMY	B	0.18%	0.13%	0.13%
	BR	A	0.04%	0.03%	0.03%
	BRK.A	B	1.15%	0.92%	0.92%
	BRO	B	0.03%	0.03%	0.03%
	BSX	A	0.18%	0.14%	0.14%
	BX	A	0.18%	0.14%	0.14%
	C	A	0.18%	0.14%	0.14%
	CAG	F	0.02%	0.01%	0.01%
	CAH	B	0.04%	0.03%	0.03%
	CARR	C	0.09%	0.07%	0.07%
	CAT	B	0.27%	0.2%	0.2%
	CB	C	0.16%	0.12%	0.12%
	CBOE	C	0.03%	0.02%	0.02%
	CBRE	B	0.06%	0.04%	0.04%
	CCI	C	0.06%	0.05%	0.05%
	CDNS	B	0.11%	0.09%	0.09%
	CDW	F	0.04%	0.03%	0.03%
	CEG	C	0.1%	0.08%	0.08%
	CF	A	0.02%	0.02%	0.02%
	CFG	B	0.03%	0.02%	0.02%
	CHD	A	0.03%	0.03%	0.03%
	CHTR	C	0.05%	0.04%	0.04%
	CI	D	0.14%	0.1%	0.1%
	CINF	A	0.03%	0.03%	0.03%
	CL	D	0.11%	0.08%	0.08%
	CLX	A	0.03%	0.02%	0.02%
	CMCSA	B	0.26%	0.18%	0.18%
	CME	B	0.11%	0.09%	0.09%
	CMG	B	0.1%	0.09%	0.09%
	CMI	A	0.07%	0.05%	0.05%
	CMS	C	0.03%	0.02%	0.02%
	CNC	D	0.05%	0.03%	0.03%
	CNP	A	0.02%	0.02%	0.02%
	COF	C	0.1%	0.08%	0.08%
	COP	C	0.19%	0.14%	0.14%
	COR	B	0.06%	0.05%	0.05%
	COST	A	0.59%	0.44%	0.44%
	CPAY	A	0.03%	0.03%	0.03%
	CPRT	B	0.07%	0.05%	0.05%
	CRM	B	0.44%	0.35%	0.35%
	CRWD	B	0.11%	0.09%	0.09%
	CSCO	B	0.34%	0.25%	0.25%
	CSGP	D	0.04%	0.03%	0.03%
	CSX	C	0.1%	0.07%	0.07%
	CTAS	B	0.1%	0.08%	0.08%
	CTRA	B	0.03%	0.02%	0.02%
	CTSH	B	0.06%	0.04%	0.04%
	CTVA	C	0.06%	0.04%	0.04%
	CVS	D	0.1%	0.07%	0.07%
	CVX	A	0.38%	0.3%	0.3%
	D	C	0.07%	0.05%	0.05%
	DAL	B	0.05%	0.04%	0.04%
	DD	C	0.05%	0.04%	0.04%
	DE	B	0.14%	0.11%	0.11%
	DECK	A	0.03%	0.03%	0.03%
	DELL	B	0.05%	0.04%	0.04%
	DFS	B	0.06%	0.05%	0.05%
	DG	F	0.02%	0.02%	0.02%
	DGX	A	0.03%	0.02%	0.02%
	DHI	F	0.07%	0.05%	0.05%
	DHR	F	0.23%	0.17%	0.17%
	DIS	B	0.25%	0.21%	0.21%
	DLR	B	0.08%	0.06%	0.06%
	DLTR	F	0.02%	0.01%	0.01%
	DOV	A	0.04%	0.03%	0.03%
	DOW	F	0.04%	0.03%	0.03%
	DPZ	C	0.02%	0.02%	0.02%
	DRI	B	0.03%	0.02%	0.02%
	DTE	C	0.03%	0.03%	0.03%
	DUK	C	0.12%	0.09%	0.09%
	DVN	F	0.03%	0.03%	0.03%
	DXCM	C	0.04%	0.03%	0.03%
	EA	A	0.06%	0.04%	0.04%
	EBAY	D	0.04%	0.03%	0.03%
	ECL	D	0.09%	0.07%	0.07%
	ED	C	0.04%	0.04%	0.04%
	EFX	F	0.05%	0.03%	0.03%
	EIX	B	0.04%	0.03%	0.03%
	EL	F	0.02%	0.02%	0.02%
	ELV	F	0.14%	0.1%	0.1%
	EMR	B	0.1%	0.08%	0.08%
	EOG	A	0.1%	0.08%	0.08%
	EQIX	A	0.11%	0.09%	0.09%
	EQR	C	0.04%	0.03%	0.03%
	EQT	B	0.02%	0.03%	0.02%
	ES	C	0.03%	0.02%	0.02%
	ESS	B	0.03%	0.02%	0.02%
	ETN	A	0.2%	0.16%	0.16%
	ETR	B	0.04%	0.03%	0.03%
	EVRG	A	0.02%	0.02%	0.02%
	EW	C	0.06%	0.04%	0.04%
	EXC	C	0.05%	0.04%	0.04%
	EXPD	C	0.02%	0.02%	0.02%
	EXPE	B	0.03%	0.02%	0.02%
	EXR	C	0.05%	0.04%	0.04%
	F	C	0.06%	0.05%	0.05%
	FANG	C	0.04%	0.04%	0.04%
	FAST	B	0.07%	0.05%	0.05%
	FCX	F	0.09%	0.07%	0.07%
	FDS	B	0.02%	0.02%	0.02%
	FDX	B	0.09%	0.07%	0.07%
	FE	C	0.03%	0.02%	0.02%
	FI	A	0.18%	0.13%	0.13%
	FICO	B	0.07%	0.06%	0.06%
	FIS	C	0.07%	0.05%	0.05%
	FITB	B	0.05%	0.03%	0.03%
	FSLR	F	0.03%	0.02%	0.02%
	FTNT	C	0.09%	0.06%	0.06%
	FTV	C	0.04%	0.03%	0.03%
	GD	D	0.1%	0.08%	0.08%
	GDDY	A	0.04%	0.03%	0.03%
	GE	D	0.27%	0.21%	0.21%
	GEHC	D	0.04%	0.04%	0.04%
	GEN	B	0.02%	0.02%	0.02%
	GEV	B	0.12%	0.1%	0.1%
	GILD	C	0.17%	0.12%	0.12%
	GIS	D	0.05%	0.04%	0.04%
	GLW	B	0.05%	0.04%	0.04%
	GM	C	0.12%	0.07%	0.07%
	GOOG	C	1.72%	0.92%	0.92%
	GOOGL	C	1.98%	1.11%	1.11%
	GPC	D	0.02%	0.02%	0.02%
	GPN	B	0.04%	0.03%	0.03%
	GRMN	B	0.05%	0.03%	0.03%
	GS	A	0.28%	0.2%	0.2%
	GWW	B	0.06%	0.06%	0.06%
	HAL	C	0.04%	0.03%	0.03%
	HBAN	A	0.04%	0.03%	0.03%
	HCA	F	0.11%	0.07%	0.07%
	HD	B	0.58%	0.43%	0.43%
	HES	B	0.05%	0.04%	0.04%
	HIG	B	0.05%	0.04%	0.04%
	HLT	A	0.09%	0.07%	0.07%
	HOLX	D	0.02%	0.02%	0.02%
	HON	C	0.22%	0.16%	0.16%
	HPE	B	0.04%	0.03%	0.03%
	HPQ	B	0.05%	0.04%	0.04%
	HSY	F	0.04%	0.03%	0.03%
	HUBB	B	0.03%	0.03%	0.03%
	HUM	C	0.05%	0.04%	0.04%
	HWM	A	0.06%	0.05%	0.05%
	IBM	C	0.27%	0.21%	0.21%
	ICE	C	0.12%	0.1%	0.1%
	IDXX	F	0.05%	0.04%	0.04%
	IEX	C	0.02%	0.02%	0.02%
	IFF	D	0.03%	0.02%	0.02%
	INTC	C	0.14%	0.12%	0.12%
	INTU	B	0.26%	0.21%	0.21%
	INVH	D	0.03%	0.02%	0.02%
	IP	A	0.02%	0.02%	0.02%
	IQV	F	0.05%	0.04%	0.04%
	IR	B	0.05%	0.04%	0.04%
	IRM	C	0.04%	0.04%	0.04%
	ISRG	A	0.27%	0.21%	0.21%
	IT	C	0.05%	0.04%	0.04%
	ITW	B	0.11%	0.08%	0.08%
	J	D	0.02%	0.02%	0.02%
	JBHT	C	0.02%	0.02%	0.02%
	JBL	C	0.02%	0.02%	0.02%
	JCI	B	0.08%	0.06%	0.06%
	JKHY	D	0.02%	0.01%	0.01%
	JNJ	C	0.62%	0.39%	0.39%
	JPM	A	1.28%	0.74%	0.74%
	K	A	0.03%	0.02%	0.02%
	KDP	F	0.04%	0.04%	0.04%
	KEY	B	0.02%	0.02%	0.02%
	KEYS	A	0.04%	0.03%	0.03%
	KHC	F	0.03%	0.03%	0.03%
	KIM	A	0.02%	0.02%	0.02%
	KKR	A	0.13%	0.11%	0.11%
	KLAC	F	0.12%	0.09%	0.09%
	KMB	C	0.06%	0.05%	0.05%
	KMI	A	0.08%	0.06%	0.06%
	KO	D	0.35%	0.26%	0.26%
	KR	B	0.07%	0.04%	0.04%
	KVUE	A	0.06%	0.05%	0.05%
	LDOS	C	0.04%	0.02%	0.02%
	LEN	D	0.06%	0.04%	0.04%
	LH	B	0.03%	0.02%	0.02%
	LHX	C	0.07%	0.05%	0.05%
	LIN	C	0.31%	0.23%	0.23%
	LLY	F	1.29%	0.67%	0.67%
	LMT	D	0.2%	0.12%	0.12%
	LNT	A	0.03%	0.02%	0.02%
	LOW	C	0.22%	0.17%	0.17%
	LRCX	F	0.13%	0.11%	0.11%
	LUV	C	0.03%	0.02%	0.02%
	LVS	B	0.02%	0.02%	0.02%
	LYB	F	0.03%	0.02%	0.02%
	MA	B	0.74%	0.46%	0.46%
	MAA	B	0.03%	0.02%	0.02%
	MAR	A	0.1%	0.07%	0.07%
	MAS	D	0.03%	0.02%	0.02%
	MCD	D	0.31%	0.23%	0.23%
	MCHP	F	0.05%	0.04%	0.04%
	MCK	A	0.12%	0.09%	0.09%
	MCO	B	0.1%	0.08%	0.08%
	MDLZ	F	0.13%	0.09%	0.09%
	MDT	D	0.17%	0.12%	0.12%
	MET	A	0.08%	0.05%	0.05%
	META	D	2.45%	1.36%	1.36%
	MKC	C	0.02%	0.02%	0.02%
	MLM	C	0.05%	0.04%	0.04%
	MMC	B	0.15%	0.12%	0.12%
	MMM	D	0.1%	0.08%	0.08%
	MNST	C	0.04%	0.04%	0.04%
	MO	A	0.14%	0.1%	0.1%
	MOH	F	0.02%	0.02%	0.02%
	MPC	D	0.09%	0.06%	0.06%
	MPWR	F	0.04%	0.03%	0.03%
	MRK	D	0.36%	0.27%	0.27%
	MRNA	F	0.02%	0.01%	0.01%
	MRO	B	0.02%	0.02%	0.02%
	MS	A	0.24%	0.18%	0.18%
	MSCI	C	0.06%	0.05%	0.05%
	MSFT	D	6.13%	3.42%	3.42%
	MSI	B	0.11%	0.09%	0.09%
	MTB	A	0.05%	0.04%	0.04%
	MTD	F	0.04%	0.03%	0.03%
	MU	D	0.15%	0.12%	0.12%
	NDAQ	A	0.04%	0.03%	0.03%
	NEE	C	0.22%	0.17%	0.17%
	NEM	D	0.05%	0.05%	0.05%
	NFLX	A	0.48%	0.39%	0.39%
	NKE	F	0.13%	0.1%	0.1%
	NOC	D	0.11%	0.07%	0.07%
	NOW	A	0.29%	0.23%	0.23%
	NSC	B	0.08%	0.06%	0.06%
	NTAP	C	0.03%	0.03%	0.03%
	NTRS	A	0.03%	0.02%	0.02%
	NUE	C	0.06%	0.04%	0.04%
	NVDA	B	7.02%	3.89%	3.89%
	NVR	D	0.03%	0.03%	0.03%
	O	C	0.05%	0.05%	0.05%
	ODFL	C	0.06%	0.05%	0.05%
	OKE	A	0.09%	0.07%	0.07%
	OMC	C	0.03%	0.02%	0.02%
	ON	D	0.04%	0.03%	0.03%
	ORCL	A	0.41%	0.32%	0.32%
	ORLY	B	0.1%	0.08%	0.08%
	OTIS	C	0.06%	0.04%	0.04%
	OXY	D	0.05%	0.04%	0.04%
	PANW	B	0.16%	0.14%	0.14%
	PAYX	B	0.06%	0.05%	0.05%
	PCAR	B	0.08%	0.07%	0.07%
	PCG	A	0.07%	0.05%	0.05%
	PEG	A	0.06%	0.05%	0.05%
	PEP	F	0.32%	0.24%	0.24%
	PFE	F	0.22%	0.16%	0.16%
	PFG	D	0.03%	0.02%	0.02%
	PG	C	0.57%	0.42%	0.42%
	PGR	A	0.21%	0.16%	0.16%
	PH	A	0.12%	0.1%	0.1%
	PHM	D	0.04%	0.03%	0.03%
	PKG	A	0.03%	0.02%	0.02%
	PLD	F	0.15%	0.11%	0.11%
	PLTR	B	0.15%	0.13%	0.13%
	PM	B	0.28%	0.21%	0.21%
	PNC	B	0.12%	0.09%	0.09%
	PODD	C	0.02%	0.02%	0.02%
	POOL	C	0.02%	0.01%	0.01%
	PPG	F	0.04%	0.03%	0.03%
	PPL	A	0.04%	0.03%	0.03%
	PRU	A	0.07%	0.05%	0.05%
	PSA	C	0.07%	0.06%	0.06%
	PSX	C	0.08%	0.06%	0.06%
	PTC	B	0.03%	0.02%	0.02%
	PWR	A	0.06%	0.05%	0.05%
	PYPL	B	0.13%	0.09%	0.09%
	QCOM	F	0.25%	0.2%	0.2%
	RCL	A	0.07%	0.06%	0.06%
	REGN	F	0.12%	0.09%	0.09%
	RF	A	0.04%	0.03%	0.03%
	RJF	A	0.04%	0.03%	0.03%
	RMD	C	0.05%	0.04%	0.04%
	ROK	C	0.04%	0.04%	0.04%
	ROP	B	0.08%	0.07%	0.07%
	ROST	D	0.06%	0.05%	0.05%
	RSG	A	0.06%	0.05%	0.05%
	RTX	D	0.25%	0.17%	0.17%
	RVTY	F	0.02%	0.02%	0.02%
	SBAC	D	0.03%	0.03%	0.03%
	SBUX	A	0.16%	0.12%	0.12%
	SCHW	B	0.15%	0.13%	0.13%
	SHW	B	0.12%	0.1%	0.1%
	SLB	C	0.09%	0.07%	0.07%
	SMCI	F	0.02%	0.01%	0.01%
	SNPS	B	0.11%	0.09%	0.09%
	SO	C	0.13%	0.1%	0.1%
	SPG	A	0.09%	0.06%	0.06%
	SPGI	C	0.22%	0.18%	0.18%
	SRE	A	0.08%	0.06%	0.06%
	STE	D	0.03%	0.02%	0.02%
	STLD	B	0.03%	0.02%	0.02%
	STT	B	0.04%	0.03%	0.03%
	STX	C	0.03%	0.02%	0.02%
	STZ	D	0.05%	0.04%	0.04%
	SWK	D	0.02%	0.01%	0.01%
	SWKS	F	0.02%	0.01%	0.01%
	SYF	B	0.03%	0.03%	0.03%
	SYK	B	0.18%	0.14%	0.14%
	SYY	D	0.06%	0.04%	0.04%
	T	A	0.23%	0.17%	0.17%
	TDG	D	0.08%	0.08%	0.08%
	TDY	B	0.03%	0.02%	0.02%
	TER	F	0.03%	0.02%	0.02%
	TFC	A	0.09%	0.07%	0.07%
	TGT	F	0.1%	0.08%	0.08%
	TJX	A	0.19%	0.15%	0.15%
	TMO	F	0.3%	0.22%	0.22%
	TMUS	B	0.17%	0.13%	0.13%
	TRGP	A	0.06%	0.05%	0.05%
	TRMB	B	0.02%	0.02%	0.02%
	TROW	B	0.04%	0.03%	0.03%
	TRV	B	0.08%	0.06%	0.06%
	TSCO	D	0.04%	0.03%	0.03%
	TSLA	B	1.7%	0.93%	0.93%
	TSN	B	0.03%	0.02%	0.02%
	TT	A	0.13%	0.1%	0.1%
	TTWO	A	0.04%	0.03%	0.03%
	TXN	C	0.27%	0.2%	0.2%
	TXT	D	0.02%	0.02%	0.02%
	TYL	B	0.03%	0.03%	0.03%
	UAL	A	0.03%	0.03%	0.03%
	UBER	F	0.19%	0.16%	0.16%
	ULTA	F	0.03%	0.02%	0.02%
	UNH	B	1.04%	0.59%	0.59%
	UNP	C	0.2%	0.15%	0.15%
	UPS	C	0.14%	0.1%	0.1%
	URI	C	0.08%	0.06%	0.06%
	USB	A	0.1%	0.08%	0.08%
	V	A	0.93%	0.56%	0.56%
	VICI	C	0.05%	0.04%	0.04%
	VLO	C	0.07%	0.05%	0.05%
	VLTO	C	0.03%	0.03%	0.03%
	VMC	B	0.06%	0.04%	0.04%
	VRSK	A	0.06%	0.04%	0.04%
	VRSN	C	0.02%	0.02%	0.02%
	VRTX	D	0.18%	0.13%	0.13%
	VTR	B	0.04%	0.03%	0.03%
	VTRS	A	0.02%	0.02%	0.02%
	VZ	C	0.24%	0.19%	0.19%
	WAB	B	0.05%	0.04%	0.04%
	WAT	C	0.03%	0.02%	0.02%
	WBD	B	0.03%	0.02%	0.02%
	WDC	D	0.03%	0.02%	0.02%
	WEC	A	0.04%	0.03%	0.03%
	WELL	A	0.1%	0.08%	0.08%
	WFC	A	0.37%	0.27%	0.27%
	WM	B	0.13%	0.09%	0.09%
	WMB	A	0.1%	0.07%	0.07%
	WMT	A	0.5%	0.4%	0.4%
	WRB	A	0.03%	0.02%	0.02%
	WST	C	0.03%	0.03%	0.03%
	WTW	B	0.04%	0.03%	0.03%
	WY	F	0.04%	0.02%	0.02%
	XEL	A	0.06%	0.04%	0.04%
	XOM	B	0.99%	0.58%	0.58%
	XYL	D	0.04%	0.03%	0.03%
	YUM	D	0.05%	0.04%	0.04%
	ZBH	C	0.03%	0.02%	0.02%
	ZBRA	B	0.03%	0.02%	0.02%
	ZTS	D	0.11%	0.09%	0.09%

LGH Overweight 37 Positions Relative to PHDG

	Symbol	Grade	Weight
	SPXL	B	18.6%
	MRVL	B	0.11%
	TTD	B	0.1%
	APO	B	0.09%
	COIN	C	0.09%
	VRT	B	0.08%
	LNG	A	0.07%
	DASH	B	0.07%
	SQ	A	0.07%
	WDAY	B	0.07%
	TEAM	A	0.06%
	VEEV	C	0.06%
	TPL	A	0.05%
	ALNY	D	0.05%
	SNOW	B	0.05%
	DDOG	A	0.05%
	CSL	C	0.04%
	NET	B	0.04%
	HUBS	A	0.04%
	ILMN	C	0.04%
	MDB	B	0.03%
	TRU	D	0.03%
	PINS	F	0.03%
	LPLA	A	0.03%
	RBLX	C	0.03%
	ZM	C	0.03%
	MKL	A	0.03%
	BAH	F	0.03%
	ARES	A	0.03%
	BMRN	F	0.02%
	AVTR	F	0.02%
	RPM	A	0.02%
	SSNC	B	0.02%
	SUI	C	0.02%
	ENTG	D	0.02%
	RS	B	0.02%
	WPC	C	0.01%

LGH Underweight 84 Positions Relative to PHDG

	Symbol	Grade	Weight
	BLK	B	-0.16%
	NXPI	D	-0.06%
	VST	A	-0.05%
	LULU	C	-0.04%
	CCL	A	-0.03%
	SW	A	-0.03%
	EPAM	B	-0.02%
	NDSN	B	-0.02%
	ROL	B	-0.02%
	FFIV	B	-0.02%
	APTV	F	-0.02%
	AMCR	C	-0.02%
	DOC	C	-0.02%
	L	A	-0.02%
	EG	C	-0.02%
	NI	A	-0.02%
	PNR	A	-0.02%
	SNA	A	-0.02%
	NRG	B	-0.02%
	LYV	A	-0.02%
	BLDR	D	-0.02%
	FOX	A	-0.01%
	QRVO	F	-0.01%
	WBA	F	-0.01%
	BEN	C	-0.01%
	PARA	C	-0.01%
	FMC	D	-0.01%
	DVA	C	-0.01%
	MHK	D	-0.01%
	HII	F	-0.01%
	BWA	D	-0.01%
	IVZ	B	-0.01%
	CE	F	-0.01%
	MTCH	D	-0.01%
	HAS	D	-0.01%
	APA	D	-0.01%
	MOS	F	-0.01%
	HSIC	C	-0.01%
	CZR	F	-0.01%
	RL	C	-0.01%
	FRT	B	-0.01%
	ENPH	F	-0.01%
	MGM	D	-0.01%
	WYNN	C	-0.01%
	AOS	F	-0.01%
	CPB	D	-0.01%
	HRL	D	-0.01%
	TFX	F	-0.01%
	SOLV	D	-0.01%
	GL	C	-0.01%
	AES	F	-0.01%
	MKTX	D	-0.01%
	CRL	D	-0.01%
	ERIE	D	-0.01%
	LKQ	F	-0.01%
	PNW	A	-0.01%
	CTLT	C	-0.01%
	FOXA	A	-0.01%
	IPG	D	-0.01%
	PAYC	B	-0.01%
	TAP	C	-0.01%
	NWSA	A	-0.01%
	AIZ	A	-0.01%
	GNRC	C	-0.01%
	TECH	F	-0.01%
	LW	C	-0.01%
	BXP	C	-0.01%
	NCLH	B	-0.01%
	SJM	D	-0.01%
	EMN	C	-0.01%
	UHS	D	-0.01%
	ALB	B	-0.01%
	REG	A	-0.01%
	DAY	B	-0.01%
	KMX	B	-0.01%
	HST	C	-0.01%
	ALLE	C	-0.01%
	INCY	C	-0.01%
	JNPR	D	-0.01%
	CPT	B	-0.01%
	CHRW	B	-0.01%
	TPR	B	-0.01%
	UDR	B	-0.01%
	NWS	A	-0.0%

LGH: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Business Services Diversified Industrials Diagnostics & Research Semiconductors Asset Management Banks - Regional - US Capital Markets Drug Manufacturers - Major Oil & Gas E&P Aerospace & Defense Medical Devices Specialty Chemicals Specialty Retail Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty Medical Instruments & Supplies

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Dow Jones Component Electricity Insurance Electronics Aerospace Medicine Bank Semiconductor Telecommunications Banking Chemical Cloud Computing Investment Bank Mining Real Estate Investment Trust Insurance Products

PHDG: 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