ONEO vs. PHDG ETF Comparison

Comparison of SPDR Russell 1000 Momentum Focus ETF (ONEO) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

ONEO

SPDR Russell 1000 Momentum Focus ETF

ONEO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$125.61

Average Daily Volume

2,286

Number of Holdings ^*

888

* 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	ONEO	PHDG
30 Days	5.07%	-1.45%
60 Days	6.88%	1.30%
90 Days	8.11%	1.18%
12 Months	30.82%	18.05%

480 Overlapping Holdings

	Symbol	Grade	Weight in ONEO	Weight in PHDG	Overlap
	A	D	0.15%	0.04%	0.04%
	AAPL	C	0.07%	3.74%	0.07%
	ABBV	F	0.05%	0.32%	0.05%
	ABNB	C	0.1%	0.06%	0.06%
	ABT	B	0.02%	0.22%	0.02%
	ACGL	C	0.6%	0.04%	0.04%
	ACN	B	0.05%	0.24%	0.05%
	ADBE	C	0.13%	0.25%	0.13%
	ADI	D	0.11%	0.11%	0.11%
	ADM	D	0.29%	0.03%	0.03%
	ADP	A	0.08%	0.13%	0.08%
	ADSK	A	0.17%	0.07%	0.07%
	AEE	A	0.05%	0.03%	0.03%
	AEP	C	0.12%	0.05%	0.05%
	AES	F	0.06%	0.01%	0.01%
	AFL	B	0.21%	0.06%	0.06%
	AIG	B	0.07%	0.05%	0.05%
	AIZ	A	0.1%	0.01%	0.01%
	AJG	A	0.04%	0.07%	0.04%
	AKAM	D	0.12%	0.01%	0.01%
	ALB	B	0.02%	0.01%	0.01%
	ALGN	D	0.07%	0.02%	0.02%
	ALL	A	0.04%	0.06%	0.04%
	ALLE	C	0.08%	0.01%	0.01%
	AMAT	F	0.21%	0.17%	0.17%
	AMCR	C	0.07%	0.02%	0.02%
	AMD	F	0.03%	0.24%	0.03%
	AME	A	0.07%	0.05%	0.05%
	AMGN	F	0.05%	0.17%	0.05%
	AMP	A	0.1%	0.06%	0.06%
	AMT	C	0.01%	0.1%	0.01%
	AMZN	C	0.04%	2.13%	0.04%
	ANET	C	0.17%	0.11%	0.11%
	ANSS	B	0.05%	0.03%	0.03%
	AON	A	0.07%	0.09%	0.07%
	AOS	F	0.15%	0.01%	0.01%
	APA	D	0.03%	0.01%	0.01%
	APD	A	0.07%	0.08%	0.07%
	APH	A	0.21%	0.09%	0.09%
	APTV	F	0.03%	0.02%	0.02%
	ARE	F	0.01%	0.02%	0.01%
	ATO	A	0.18%	0.02%	0.02%
	AVB	B	0.06%	0.03%	0.03%
	AVGO	D	0.03%	0.86%	0.03%
	AVY	F	0.09%	0.02%	0.02%
	AWK	C	0.03%	0.03%	0.03%
	AXON	A	0.07%	0.05%	0.05%
	AXP	A	0.1%	0.17%	0.1%
	AZO	C	0.19%	0.06%	0.06%
	BA	F	0.0%	0.11%	0.0%
	BAC	A	0.02%	0.33%	0.02%
	BALL	F	0.06%	0.02%	0.02%
	BAX	F	0.02%	0.02%	0.02%
	BBY	D	0.18%	0.02%	0.02%
	BDX	F	0.02%	0.07%	0.02%
	BEN	C	0.02%	0.01%	0.01%
	BG	D	0.13%	0.01%	0.01%
	BK	A	0.1%	0.06%	0.06%
	BKNG	A	0.24%	0.18%	0.18%
	BKR	A	0.24%	0.05%	0.05%
	BLDR	D	0.44%	0.02%	0.02%
	BLK	B	0.06%	0.16%	0.06%
	BMY	B	0.03%	0.13%	0.03%
	BR	A	0.17%	0.03%	0.03%
	BRK.A	B	0.05%	0.92%	0.05%
	BRO	B	0.15%	0.03%	0.03%
	BSX	A	0.05%	0.14%	0.05%
	BWA	D	0.12%	0.01%	0.01%
	BX	A	0.09%	0.14%	0.09%
	BXP	C	0.02%	0.01%	0.01%
	C	A	0.01%	0.14%	0.01%
	CAG	F	0.03%	0.01%	0.01%
	CAH	B	0.6%	0.03%	0.03%
	CARR	C	0.14%	0.07%	0.07%
	CAT	B	0.17%	0.2%	0.17%
	CB	C	0.19%	0.12%	0.12%
	CBOE	C	0.32%	0.02%	0.02%
	CBRE	B	0.21%	0.04%	0.04%
	CCI	C	0.02%	0.05%	0.02%
	CCL	A	0.06%	0.03%	0.03%
	CDNS	B	0.16%	0.09%	0.09%
	CDW	F	0.11%	0.03%	0.03%
	CE	F	0.16%	0.01%	0.01%
	CEG	C	0.01%	0.08%	0.01%
	CF	A	0.17%	0.02%	0.02%
	CFG	B	0.1%	0.02%	0.02%
	CHD	A	0.11%	0.03%	0.03%
	CHRW	B	0.02%	0.01%	0.01%
	CHTR	C	0.14%	0.04%	0.04%
	CI	D	0.25%	0.1%	0.1%
	CINF	A	0.37%	0.03%	0.03%
	CL	D	0.16%	0.08%	0.08%
	CLX	A	0.03%	0.02%	0.02%
	CMCSA	B	0.09%	0.18%	0.09%
	CME	B	0.04%	0.09%	0.04%
	CMG	B	0.14%	0.09%	0.09%
	CMI	A	0.41%	0.05%	0.05%
	CMS	C	0.09%	0.02%	0.02%
	CNC	D	0.37%	0.03%	0.03%
	CNP	A	0.13%	0.02%	0.02%
	COF	C	0.32%	0.08%	0.08%
	COP	C	0.15%	0.14%	0.14%
	COR	B	0.37%	0.05%	0.05%
	COST	A	0.09%	0.44%	0.09%
	CPAY	A	0.21%	0.03%	0.03%
	CPB	D	0.05%	0.01%	0.01%
	CPRT	B	0.09%	0.05%	0.05%
	CPT	B	0.03%	0.01%	0.01%
	CRL	D	0.03%	0.01%	0.01%
	CRM	B	0.17%	0.35%	0.17%
	CRWD	B	0.23%	0.09%	0.09%
	CSCO	B	0.08%	0.25%	0.08%
	CSGP	D	0.02%	0.03%	0.02%
	CSX	C	0.07%	0.07%	0.07%
	CTAS	B	0.12%	0.08%	0.08%
	CTLT	C	0.01%	0.01%	0.01%
	CTRA	B	0.18%	0.02%	0.02%
	CTSH	B	0.38%	0.04%	0.04%
	CTVA	C	0.04%	0.04%	0.04%
	CVS	D	0.15%	0.07%	0.07%
	CVX	A	0.05%	0.3%	0.05%
	CZR	F	0.01%	0.01%	0.01%
	D	C	0.1%	0.05%	0.05%
	DAL	B	0.57%	0.04%	0.04%
	DAY	B	0.03%	0.01%	0.01%
	DD	C	0.1%	0.04%	0.04%
	DE	B	0.08%	0.11%	0.08%
	DECK	A	0.21%	0.03%	0.03%
	DELL	B	0.26%	0.04%	0.04%
	DFS	B	0.2%	0.05%	0.05%
	DG	F	0.05%	0.02%	0.02%
	DGX	A	0.1%	0.02%	0.02%
	DHI	F	0.58%	0.05%	0.05%
	DHR	F	0.02%	0.17%	0.02%
	DIS	B	0.02%	0.21%	0.02%
	DLR	B	0.05%	0.06%	0.05%
	DLTR	F	0.12%	0.01%	0.01%
	DOC	C	0.01%	0.02%	0.01%
	DOV	A	0.11%	0.03%	0.03%
	DOW	F	0.07%	0.03%	0.03%
	DPZ	C	0.12%	0.02%	0.02%
	DRI	B	0.14%	0.02%	0.02%
	DTE	C	0.06%	0.03%	0.03%
	DUK	C	0.11%	0.09%	0.09%
	DVA	C	0.21%	0.01%	0.01%
	DVN	F	0.17%	0.03%	0.03%
	DXCM	C	0.02%	0.03%	0.02%
	EA	A	0.12%	0.04%	0.04%
	EBAY	D	0.27%	0.03%	0.03%
	ECL	D	0.07%	0.07%	0.07%
	ED	C	0.11%	0.04%	0.04%
	EFX	F	0.04%	0.03%	0.03%
	EG	C	0.3%	0.02%	0.02%
	EIX	B	0.13%	0.03%	0.03%
	EL	F	0.01%	0.02%	0.01%
	ELV	F	0.15%	0.1%	0.1%
	EMN	C	0.16%	0.01%	0.01%
	EMR	B	0.01%	0.08%	0.01%
	EOG	A	0.33%	0.08%	0.08%
	EPAM	B	0.27%	0.02%	0.02%
	EQIX	A	0.03%	0.09%	0.03%
	EQR	C	0.05%	0.03%	0.03%
	EQT	B	0.01%	0.03%	0.01%
	ES	C	0.02%	0.02%	0.02%
	ESS	B	0.05%	0.02%	0.02%
	ETN	A	0.08%	0.16%	0.08%
	ETR	B	0.27%	0.03%	0.03%
	EVRG	A	0.07%	0.02%	0.02%
	EW	C	0.03%	0.04%	0.03%
	EXC	C	0.08%	0.04%	0.04%
	EXPD	C	0.08%	0.02%	0.02%
	EXPE	B	0.82%	0.02%	0.02%
	EXR	C	0.05%	0.04%	0.04%
	F	C	0.09%	0.05%	0.05%
	FANG	C	0.52%	0.04%	0.04%
	FAST	B	0.18%	0.05%	0.05%
	FCX	F	0.1%	0.07%	0.07%
	FDS	B	0.15%	0.02%	0.02%
	FDX	B	0.22%	0.07%	0.07%
	FE	C	0.08%	0.02%	0.02%
	FFIV	B	0.36%	0.02%	0.02%
	FI	A	0.11%	0.13%	0.11%
	FICO	B	0.23%	0.06%	0.06%
	FIS	C	0.03%	0.05%	0.03%
	FITB	B	0.13%	0.03%	0.03%
	FMC	D	0.01%	0.01%	0.01%
	FOX	A	0.05%	0.01%	0.01%
	FOXA	A	0.1%	0.01%	0.01%
	FRT	B	0.02%	0.01%	0.01%
	FSLR	F	0.04%	0.02%	0.02%
	FTNT	C	0.56%	0.06%	0.06%
	FTV	C	0.07%	0.03%	0.03%
	GD	D	0.15%	0.08%	0.08%
	GDDY	A	0.68%	0.03%	0.03%
	GE	D	0.11%	0.21%	0.11%
	GEHC	D	0.16%	0.04%	0.04%
	GEN	B	0.22%	0.02%	0.02%
	GEV	B	0.19%	0.1%	0.1%
	GILD	C	0.09%	0.12%	0.09%
	GIS	D	0.06%	0.04%	0.04%
	GL	C	0.17%	0.01%	0.01%
	GLW	B	0.05%	0.04%	0.04%
	GM	C	0.33%	0.07%	0.07%
	GNRC	C	0.1%	0.01%	0.01%
	GOOG	C	0.07%	0.92%	0.07%
	GOOGL	C	0.07%	1.11%	0.07%
	GPC	D	0.11%	0.02%	0.02%
	GPN	B	0.05%	0.03%	0.03%
	GRMN	B	0.27%	0.03%	0.03%
	GS	A	0.02%	0.2%	0.02%
	GWW	B	0.25%	0.06%	0.06%
	HAL	C	0.15%	0.03%	0.03%
	HAS	D	0.01%	0.01%	0.01%
	HBAN	A	0.1%	0.03%	0.03%
	HCA	F	0.1%	0.07%	0.07%
	HD	B	0.05%	0.43%	0.05%
	HES	B	0.05%	0.04%	0.04%
	HIG	B	0.32%	0.04%	0.04%
	HII	F	0.14%	0.01%	0.01%
	HLT	A	0.19%	0.07%	0.07%
	HOLX	D	0.02%	0.02%	0.02%
	HON	C	0.04%	0.16%	0.04%
	HPE	B	0.23%	0.03%	0.03%
	HPQ	B	0.16%	0.04%	0.04%
	HRL	D	0.02%	0.01%	0.01%
	HSIC	C	0.01%	0.01%	0.01%
	HST	C	0.16%	0.01%	0.01%
	HSY	F	0.02%	0.03%	0.02%
	HUBB	B	0.09%	0.03%	0.03%
	HUM	C	0.29%	0.04%	0.04%
	HWM	A	0.15%	0.05%	0.05%
	IBM	C	0.2%	0.21%	0.2%
	ICE	C	0.03%	0.1%	0.03%
	IDXX	F	0.06%	0.04%	0.04%
	IEX	C	0.06%	0.02%	0.02%
	IFF	D	0.03%	0.02%	0.02%
	INCY	C	0.02%	0.01%	0.01%
	INTC	C	0.02%	0.12%	0.02%
	INTU	B	0.19%	0.21%	0.19%
	INVH	D	0.02%	0.02%	0.02%
	IP	A	0.22%	0.02%	0.02%
	IPG	D	0.05%	0.01%	0.01%
	IQV	F	0.03%	0.04%	0.03%
	IR	B	0.15%	0.04%	0.04%
	IRM	C	0.04%	0.04%	0.04%
	ISRG	A	0.06%	0.21%	0.06%
	IT	C	0.27%	0.04%	0.04%
	ITW	B	0.07%	0.08%	0.07%
	IVZ	B	0.01%	0.01%	0.01%
	J	D	0.17%	0.02%	0.02%
	JBHT	C	0.06%	0.02%	0.02%
	JBL	C	0.55%	0.02%	0.02%
	JCI	B	0.11%	0.06%	0.06%
	JKHY	D	0.06%	0.01%	0.01%
	JNJ	C	0.03%	0.39%	0.03%
	JNPR	D	0.04%	0.01%	0.01%
	JPM	A	0.01%	0.74%	0.01%
	K	A	0.1%	0.02%	0.02%
	KDP	F	0.03%	0.04%	0.03%
	KEY	B	0.09%	0.02%	0.02%
	KEYS	A	0.15%	0.03%	0.03%
	KHC	F	0.06%	0.03%	0.03%
	KIM	A	0.04%	0.02%	0.02%
	KKR	A	0.02%	0.11%	0.02%
	KLAC	F	0.27%	0.09%	0.09%
	KMB	C	0.11%	0.05%	0.05%
	KMI	A	0.11%	0.06%	0.06%
	KMX	B	0.04%	0.01%	0.01%
	KO	D	0.02%	0.26%	0.02%
	KR	B	0.35%	0.04%	0.04%
	KVUE	A	0.04%	0.05%	0.04%
	L	A	0.11%	0.02%	0.02%
	LDOS	C	0.43%	0.02%	0.02%
	LEN	D	0.66%	0.04%	0.04%
	LEN	D	0.03%	0.04%	0.03%
	LH	B	0.14%	0.02%	0.02%
	LHX	C	0.05%	0.05%	0.05%
	LIN	C	0.05%	0.23%	0.05%
	LKQ	F	0.05%	0.01%	0.01%
	LLY	F	0.01%	0.67%	0.01%
	LMT	D	0.07%	0.12%	0.07%
	LNT	A	0.05%	0.02%	0.02%
	LOW	C	0.1%	0.17%	0.1%
	LRCX	F	0.28%	0.11%	0.11%
	LULU	C	0.07%	0.04%	0.04%
	LUV	C	0.18%	0.02%	0.02%
	LVS	B	0.02%	0.02%	0.02%
	LW	C	0.02%	0.01%	0.01%
	LYB	F	0.1%	0.02%	0.02%
	LYV	A	0.16%	0.02%	0.02%
	MA	B	0.04%	0.46%	0.04%
	MAA	B	0.03%	0.02%	0.02%
	MAR	A	0.2%	0.07%	0.07%
	MAS	D	0.2%	0.02%	0.02%
	MCD	D	0.02%	0.23%	0.02%
	MCHP	F	0.11%	0.04%	0.04%
	MCK	A	0.73%	0.09%	0.09%
	MCO	B	0.13%	0.08%	0.08%
	MDLZ	F	0.05%	0.09%	0.05%
	MDT	D	0.04%	0.12%	0.04%
	MET	A	0.06%	0.05%	0.05%
	META	D	0.11%	1.36%	0.11%
	MGM	D	0.08%	0.01%	0.01%
	MHK	D	0.11%	0.01%	0.01%
	MKC	C	0.01%	0.02%	0.01%
	MKTX	D	0.03%	0.01%	0.01%
	MLM	C	0.14%	0.04%	0.04%
	MMC	B	0.13%	0.12%	0.12%
	MMM	D	0.05%	0.08%	0.05%
	MNST	C	0.02%	0.04%	0.02%
	MO	A	0.32%	0.1%	0.1%
	MOH	F	0.24%	0.02%	0.02%
	MOS	F	0.03%	0.01%	0.01%
	MPC	D	0.29%	0.06%	0.06%
	MPWR	F	0.17%	0.03%	0.03%
	MRK	D	0.01%	0.27%	0.01%
	MRO	B	0.28%	0.02%	0.02%
	MSCI	C	0.11%	0.05%	0.05%
	MSFT	D	0.13%	3.42%	0.13%
	MSI	B	0.2%	0.09%	0.09%
	MTB	A	0.12%	0.04%	0.04%
	MTCH	D	0.05%	0.01%	0.01%
	MTD	F	0.05%	0.03%	0.03%
	NCLH	B	0.15%	0.01%	0.01%
	NDAQ	A	0.07%	0.03%	0.03%
	NDSN	B	0.03%	0.02%	0.02%
	NEE	C	0.04%	0.17%	0.04%
	NFLX	A	0.04%	0.39%	0.04%
	NI	A	0.11%	0.02%	0.02%
	NKE	F	0.03%	0.1%	0.03%
	NOC	D	0.06%	0.07%	0.06%
	NOW	A	0.21%	0.23%	0.21%
	NRG	B	0.27%	0.02%	0.02%
	NSC	B	0.05%	0.06%	0.05%
	NTAP	C	0.41%	0.03%	0.03%
	NTRS	A	0.05%	0.02%	0.02%
	NUE	C	0.38%	0.04%	0.04%
	NVDA	B	0.15%	3.89%	0.15%
	NVR	D	0.34%	0.03%	0.03%
	NWS	A	0.03%	0.0%	0.0%
	NWSA	A	0.1%	0.01%	0.01%
	O	C	0.01%	0.05%	0.01%
	ODFL	C	0.17%	0.05%	0.05%
	OMC	C	0.16%	0.02%	0.02%
	ON	D	0.08%	0.03%	0.03%
	ORLY	B	0.17%	0.08%	0.08%
	OTIS	C	0.09%	0.04%	0.04%
	OXY	D	0.09%	0.04%	0.04%
	PANW	B	0.18%	0.14%	0.14%
	PAYC	B	0.37%	0.01%	0.01%
	PAYX	B	0.15%	0.05%	0.05%
	PCAR	B	0.33%	0.07%	0.07%
	PCG	A	0.13%	0.05%	0.05%
	PEG	A	0.24%	0.05%	0.05%
	PEP	F	0.02%	0.24%	0.02%
	PFG	D	0.03%	0.02%	0.02%
	PG	C	0.02%	0.42%	0.02%
	PGR	A	0.2%	0.16%	0.16%
	PH	A	0.04%	0.1%	0.04%
	PHM	D	0.79%	0.03%	0.03%
	PKG	A	0.2%	0.02%	0.02%
	PLD	F	0.02%	0.11%	0.02%
	PLTR	B	0.08%	0.13%	0.08%
	PM	B	0.08%	0.21%	0.08%
	PNC	B	0.09%	0.09%	0.09%
	PNR	A	0.15%	0.02%	0.02%
	PNW	A	0.06%	0.01%	0.01%
	POOL	C	0.1%	0.01%	0.01%
	PPG	F	0.04%	0.03%	0.03%
	PPL	A	0.11%	0.03%	0.03%
	PRU	A	0.07%	0.05%	0.05%
	PSA	C	0.12%	0.06%	0.06%
	PSX	C	0.15%	0.06%	0.06%
	PTC	B	0.05%	0.02%	0.02%
	PWR	A	0.17%	0.05%	0.05%
	PYPL	B	0.17%	0.09%	0.09%
	QCOM	F	0.14%	0.2%	0.14%
	QRVO	F	0.08%	0.01%	0.01%
	RCL	A	0.37%	0.06%	0.06%
	REG	A	0.02%	0.01%	0.01%
	REGN	F	0.09%	0.09%	0.09%
	RF	A	0.1%	0.03%	0.03%
	RJF	A	0.03%	0.03%	0.03%
	RL	C	0.29%	0.01%	0.01%
	RMD	C	0.05%	0.04%	0.04%
	ROK	C	0.13%	0.04%	0.04%
	ROL	B	0.09%	0.02%	0.02%
	ROP	B	0.06%	0.07%	0.06%
	ROST	D	0.21%	0.05%	0.05%
	RSG	A	0.11%	0.05%	0.05%
	RTX	D	0.06%	0.17%	0.06%
	RVTY	F	0.02%	0.02%	0.02%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.06%	0.12%	0.06%
	SCHW	B	0.03%	0.13%	0.03%
	SHW	B	0.13%	0.1%	0.1%
	SJM	D	0.02%	0.01%	0.01%
	SLB	C	0.12%	0.07%	0.07%
	SMCI	F	0.09%	0.01%	0.01%
	SNA	A	0.27%	0.02%	0.02%
	SNPS	B	0.19%	0.09%	0.09%
	SO	C	0.09%	0.1%	0.09%
	SOLV	D	0.34%	0.01%	0.01%
	SPG	A	0.3%	0.06%	0.06%
	SPGI	C	0.03%	0.18%	0.03%
	SRE	A	0.14%	0.06%	0.06%
	STE	D	0.04%	0.02%	0.02%
	STLD	B	0.44%	0.02%	0.02%
	STT	B	0.04%	0.03%	0.03%
	STZ	D	0.04%	0.04%	0.04%
	SWK	D	0.03%	0.01%	0.01%
	SWKS	F	0.28%	0.01%	0.01%
	SYF	B	0.54%	0.03%	0.03%
	SYK	B	0.05%	0.14%	0.05%
	SYY	D	0.23%	0.04%	0.04%
	T	A	0.17%	0.17%	0.17%
	TAP	C	0.07%	0.01%	0.01%
	TDG	D	0.05%	0.08%	0.05%
	TDY	B	0.06%	0.02%	0.02%
	TECH	F	0.02%	0.01%	0.01%
	TER	F	0.14%	0.02%	0.02%
	TFC	A	0.03%	0.07%	0.03%
	TFX	F	0.01%	0.01%	0.01%
	TGT	F	0.13%	0.08%	0.08%
	TJX	A	0.2%	0.15%	0.15%
	TMO	F	0.03%	0.22%	0.03%
	TMUS	B	0.05%	0.13%	0.05%
	TPR	B	0.34%	0.01%	0.01%
	TRGP	A	0.06%	0.05%	0.05%
	TRMB	B	0.03%	0.02%	0.02%
	TROW	B	0.12%	0.03%	0.03%
	TRV	B	0.16%	0.06%	0.06%
	TSCO	D	0.25%	0.03%	0.03%
	TSN	B	0.25%	0.02%	0.02%
	TT	A	0.18%	0.1%	0.1%
	TXN	C	0.06%	0.2%	0.06%
	TXT	D	0.18%	0.02%	0.02%
	TYL	B	0.09%	0.03%	0.03%
	UAL	A	0.16%	0.03%	0.03%
	UBER	F	0.06%	0.16%	0.06%
	UDR	B	0.02%	0.01%	0.01%
	UHS	D	0.22%	0.01%	0.01%
	ULTA	F	0.17%	0.02%	0.02%
	UNH	B	0.03%	0.59%	0.03%
	UNP	C	0.04%	0.15%	0.04%
	UPS	C	0.05%	0.1%	0.05%
	URI	C	0.45%	0.06%	0.06%
	USB	A	0.07%	0.08%	0.07%
	V	A	0.02%	0.56%	0.02%
	VICI	C	0.09%	0.04%	0.04%
	VLO	C	0.28%	0.05%	0.05%
	VLTO	C	0.09%	0.03%	0.03%
	VMC	B	0.12%	0.04%	0.04%
	VRSK	A	0.09%	0.04%	0.04%
	VRSN	C	0.03%	0.02%	0.02%
	VRTX	D	0.1%	0.13%	0.1%
	VST	A	0.86%	0.05%	0.05%
	VTR	B	0.01%	0.03%	0.01%
	VTRS	A	0.17%	0.02%	0.02%
	VZ	C	0.12%	0.19%	0.12%
	WAB	B	0.17%	0.04%	0.04%
	WAT	C	0.01%	0.02%	0.01%
	WBD	B	0.12%	0.02%	0.02%
	WEC	A	0.07%	0.03%	0.03%
	WELL	A	0.02%	0.08%	0.02%
	WFC	A	0.05%	0.27%	0.05%
	WM	B	0.12%	0.09%	0.09%
	WMB	A	0.22%	0.07%	0.07%
	WMT	A	0.03%	0.4%	0.03%
	WRB	A	0.19%	0.02%	0.02%
	WST	C	0.09%	0.03%	0.03%
	WTW	B	0.06%	0.03%	0.03%
	WY	F	0.05%	0.02%	0.02%
	WYNN	C	0.07%	0.01%	0.01%
	XEL	A	0.1%	0.04%	0.04%
	XOM	B	0.03%	0.58%	0.03%
	YUM	D	0.06%	0.04%	0.04%
	ZBH	C	0.03%	0.02%	0.02%
	ZBRA	B	0.02%	0.02%	0.02%
	ZTS	D	0.04%	0.09%	0.04%

ONEO Overweight 408 Positions Relative to PHDG

	Symbol	Grade	Weight
	APP	B	1.01%
	TOL	B	0.55%
	CASY	A	0.53%
	DASH	B	0.47%
	FCNCA	A	0.47%
	PFGC	B	0.45%
	OC	A	0.45%
	WSM	C	0.45%
	EME	A	0.44%
	DKS	D	0.42%
	BJ	A	0.41%
	ALSN	B	0.38%
	RNR	C	0.37%
	THC	D	0.35%
	LPLA	A	0.34%
	KNSL	B	0.31%
	HRB	D	0.31%
	USFD	A	0.31%
	FIX	A	0.3%
	CPNG	D	0.29%
	TXRH	B	0.28%
	AYI	B	0.28%
	CNM	D	0.27%
	MKL	A	0.27%
	UTHR	C	0.27%
	EVR	B	0.26%
	EXP	B	0.26%
	MANH	D	0.26%
	VRT	B	0.26%
	TPL	A	0.25%
	ITT	A	0.25%
	SKX	D	0.25%
	DBX	B	0.24%
	CHRD	D	0.24%
	MTG	C	0.24%
	INGR	C	0.24%
	RS	B	0.23%
	AMG	B	0.22%
	ARMK	B	0.22%
	FTI	A	0.22%
	PVH	C	0.21%
	SAIA	B	0.21%
	WCC	B	0.21%
	COKE	C	0.21%
	BLD	D	0.21%
	CSL	C	0.2%
	FYBR	C	0.2%
	MUSA	B	0.19%
	SNX	D	0.19%
	R	B	0.19%
	OSK	C	0.19%
	CACI	D	0.19%
	CRUS	D	0.18%
	EXEL	B	0.18%
	LII	A	0.18%
	TOST	B	0.18%
	HLI	A	0.18%
	MTZ	B	0.17%
	SSD	F	0.17%
	PSTG	D	0.17%
	SAIC	F	0.17%
	BRBR	A	0.17%
	AGO	B	0.17%
	CW	C	0.16%
	WSO	A	0.16%
	CLH	C	0.16%
	GNTX	C	0.15%
	TTD	B	0.15%
	VVV	D	0.15%
	CVNA	B	0.15%
	LAMR	C	0.15%
	LOPE	C	0.15%
	PSN	D	0.15%
	GAP	C	0.15%
	BURL	B	0.14%
	KEX	B	0.14%
	EHC	B	0.14%
	JHG	B	0.14%
	AAON	B	0.14%
	UNM	A	0.14%
	FND	D	0.14%
	WFRD	D	0.14%
	ONTO	F	0.13%
	PINS	F	0.13%
	OLLI	D	0.13%
	WU	F	0.13%
	FLS	B	0.13%
	BBWI	C	0.13%
	DINO	D	0.13%
	DXC	B	0.13%
	WDAY	B	0.13%
	NEU	D	0.13%
	EWBC	A	0.13%
	AWI	A	0.12%
	M	F	0.12%
	TEAM	A	0.12%
	APO	B	0.12%
	SEIC	B	0.12%
	DTM	A	0.12%
	PRI	B	0.12%
	LECO	C	0.12%
	NXST	C	0.12%
	NYT	D	0.12%
	RPM	A	0.12%
	BAH	F	0.11%
	THO	B	0.11%
	NFG	A	0.11%
	LNW	F	0.11%
	OMF	A	0.11%
	TPX	B	0.11%
	MTDR	B	0.11%
	AFG	A	0.11%
	LSCC	D	0.11%
	TW	A	0.11%
	MEDP	D	0.11%
	DCI	B	0.11%
	CR	A	0.11%
	JLL	D	0.1%
	ALK	B	0.1%
	WMS	F	0.1%
	BWXT	B	0.1%
	FNF	B	0.1%
	DOCU	B	0.1%
	RGA	A	0.1%
	DOX	D	0.1%
	ATR	B	0.1%
	IBKR	A	0.1%
	TDC	D	0.1%
	AMKR	D	0.1%
	ORI	A	0.1%
	DT	D	0.09%
	NBIX	C	0.09%
	GTES	A	0.09%
	WWD	C	0.09%
	WING	D	0.09%
	SPOT	B	0.09%
	DDOG	A	0.09%
	X	B	0.09%
	ACM	B	0.09%
	CROX	D	0.09%
	AZEK	A	0.09%
	ESAB	C	0.09%
	HOG	D	0.09%
	OLED	F	0.08%
	KD	B	0.08%
	EEFT	B	0.08%
	OLN	F	0.08%
	RLI	A	0.08%
	CMA	B	0.08%
	MAT	D	0.08%
	RGLD	C	0.08%
	RHI	C	0.08%
	OGE	A	0.08%
	NVT	B	0.08%
	TREX	C	0.08%
	CIEN	C	0.08%
	RBC	A	0.07%
	POST	C	0.07%
	DLB	B	0.07%
	PNFP	B	0.07%
	YETI	D	0.07%
	WBS	A	0.07%
	WEX	D	0.07%
	ZION	B	0.07%
	MRVL	B	0.07%
	ACI	C	0.07%
	LEA	F	0.07%
	WTFC	A	0.07%
	CLF	F	0.07%
	OZK	B	0.07%
	BYD	B	0.07%
	FHN	A	0.07%
	APG	B	0.07%
	AM	A	0.07%
	COLM	C	0.07%
	SSNC	B	0.07%
	AL	B	0.07%
	VNT	C	0.06%
	GLOB	B	0.06%
	VEEV	C	0.06%
	GWRE	A	0.06%
	DDS	B	0.06%
	TNL	A	0.06%
	AXS	A	0.06%
	CHE	D	0.06%
	AVTR	F	0.06%
	SF	B	0.06%
	GGG	B	0.06%
	OVV	B	0.06%
	FBIN	D	0.06%
	DUOL	A	0.06%
	NOV	C	0.06%
	TTEK	F	0.06%
	GPK	C	0.06%
	UHAL	D	0.06%
	SCI	B	0.06%
	SNV	C	0.06%
	CCK	D	0.06%
	ZM	C	0.06%
	CUBE	C	0.06%
	VSTS	C	0.06%
	JWN	D	0.06%
	HUBS	A	0.06%
	MTSI	B	0.06%
	HXL	F	0.05%
	MSM	C	0.05%
	PCOR	B	0.05%
	WLK	D	0.05%
	PR	B	0.05%
	TKR	D	0.05%
	ENTG	D	0.05%
	XPO	B	0.05%
	GO	C	0.05%
	AAP	D	0.05%
	FLO	D	0.05%
	NTNX	B	0.05%
	DV	C	0.05%
	EQH	C	0.05%
	SPB	C	0.05%
	H	B	0.05%
	ZS	B	0.05%
	SITE	F	0.05%
	ATI	C	0.05%
	GLPI	C	0.05%
	MDU	D	0.05%
	NU	C	0.05%
	SN	D	0.05%
	SLM	A	0.04%
	MORN	B	0.04%
	LPX	B	0.04%
	WH	B	0.04%
	TPG	A	0.04%
	BERY	C	0.04%
	ARES	A	0.04%
	TRU	D	0.04%
	PCTY	C	0.04%
	SMG	C	0.04%
	AR	B	0.04%
	UA	C	0.04%
	AXTA	B	0.04%
	NNN	C	0.04%
	LNG	A	0.04%
	PPC	C	0.04%
	NWL	C	0.04%
	DKNG	B	0.04%
	BRX	A	0.04%
	BC	C	0.04%
	GTLB	B	0.04%
	CC	C	0.04%
	LSTR	D	0.04%
	AAL	B	0.04%
	FRPT	A	0.04%
	CRI	F	0.04%
	ALLY	C	0.04%
	BPOP	C	0.04%
	WAL	B	0.04%
	JAZZ	B	0.04%
	CIVI	D	0.04%
	ESI	B	0.04%
	UAA	C	0.03%
	S	B	0.03%
	NSA	C	0.03%
	HIW	C	0.03%
	ELS	C	0.03%
	IDA	A	0.03%
	RPRX	D	0.03%
	BFAM	D	0.03%
	CXT	C	0.03%
	PRGO	C	0.03%
	SLGN	A	0.03%
	ZI	D	0.03%
	OKTA	C	0.03%
	TWLO	A	0.03%
	KSS	F	0.03%
	SMAR	B	0.03%
	TRIP	F	0.03%
	SON	F	0.03%
	CBSH	B	0.03%
	LFUS	D	0.03%
	CHH	A	0.03%
	RRC	B	0.03%
	MAN	F	0.03%
	RNG	C	0.03%
	OWL	A	0.03%
	FNB	A	0.03%
	WTRG	B	0.03%
	CRBG	B	0.03%
	AN	C	0.03%
	FCN	F	0.03%
	AGCO	D	0.03%
	G	B	0.03%
	OGN	F	0.03%
	COLB	B	0.03%
	SNOW	B	0.03%
	WPC	C	0.03%
	FTRE	D	0.03%
	VIRT	A	0.03%
	CELH	F	0.03%
	CHDN	B	0.03%
	SQ	A	0.03%
	KBR	F	0.03%
	VMI	B	0.02%
	LBRDK	C	0.02%
	MDB	B	0.02%
	REYN	D	0.02%
	LAD	A	0.02%
	FAF	A	0.02%
	SCCO	F	0.02%
	ASH	F	0.02%
	AMED	F	0.02%
	RYN	D	0.02%
	VOYA	B	0.02%
	MIDD	C	0.02%
	VFC	C	0.02%
	RH	C	0.02%
	DOCS	C	0.02%
	QGEN	D	0.02%
	MTN	C	0.02%
	FR	D	0.02%
	MASI	B	0.02%
	PB	B	0.02%
	FIVE	F	0.02%
	PK	C	0.02%
	MSTR	B	0.02%
	SAM	C	0.02%
	BRKR	D	0.02%
	EGP	D	0.02%
	THG	A	0.02%
	MSA	F	0.02%
	BSY	F	0.02%
	PLNT	A	0.02%
	IPGP	D	0.02%
	MSGS	A	0.02%
	CNH	C	0.02%
	PAG	B	0.02%
	AMH	C	0.02%
	RRX	B	0.02%
	GXO	B	0.02%
	VNO	C	0.02%
	TTC	C	0.02%
	KRC	B	0.02%
	WSC	F	0.02%
	ARW	D	0.02%
	OHI	C	0.02%
	SPR	D	0.01%
	COIN	C	0.01%
	REXR	F	0.01%
	AA	A	0.01%
	VKTX	F	0.01%
	INFA	D	0.01%
	CWEN	C	0.01%
	NET	B	0.01%
	AGR	A	0.01%
	CGNX	D	0.01%
	ENOV	C	0.01%
	SNDR	B	0.01%
	DNB	B	0.01%
	CLVT	D	0.01%
	RKT	F	0.01%
	SEB	F	0.01%
	PII	F	0.01%
	W	D	0.01%
	CNA	C	0.01%
	UGI	C	0.01%
	CUZ	B	0.01%
	ETSY	D	0.01%
	GFS	C	0.01%
	NCNO	C	0.01%
	HEI	A	0.01%
	LITE	B	0.01%
	ACHC	F	0.01%
	JEF	A	0.01%
	AZTA	D	0.01%
	PEGA	B	0.01%
	CFR	B	0.01%
	HAYW	B	0.01%
	PATH	C	0.01%
	SEE	C	0.01%
	ADC	A	0.01%
	HUN	F	0.01%
	WTM	A	0.01%
	ST	F	0.01%
	STWD	C	0.01%
	WEN	D	0.01%
	KNX	C	0.01%
	EPR	C	0.01%
	PINC	B	0.01%
	ROIV	C	0.01%
	FHB	B	0.01%
	XP	F	0.01%
	RYAN	A	0.01%
	IAC	F	0.01%
	ADTN	A	0.01%
	INSP	D	0.01%
	CACC	D	0.01%
	STAG	D	0.01%
	HEI	A	0.01%
	ELF	C	0.01%
	WHR	B	0.01%
	ESTC	C	0.0%
	COTY	F	0.0%
	RGEN	D	0.0%
	BMRN	F	0.0%
	UHAL	D	0.0%
	MKSI	C	0.0%
	BOKF	B	0.0%
	VAC	C	0.0%
	APPF	B	0.0%

ONEO Underweight 20 Positions Relative to PHDG

	Symbol	Grade	Weight
	TSLA	B	-0.93%
	ORCL	A	-0.32%
	MS	A	-0.18%
	PFE	F	-0.16%
	MU	D	-0.12%
	OKE	A	-0.07%
	NXPI	D	-0.06%
	NEM	D	-0.05%
	BIIB	F	-0.03%
	SW	A	-0.03%
	TTWO	A	-0.03%
	XYL	D	-0.03%
	PODD	C	-0.02%
	STX	C	-0.02%
	WDC	D	-0.02%
	WBA	F	-0.01%
	PARA	C	-0.01%
	ENPH	F	-0.01%
	ERIE	D	-0.01%
	MRNA	F	-0.01%

ONEO: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Banks - Regional - US Business Services Utilities - Regulated Electric Asset Management Oil & Gas E&P Semiconductors Specialty Retail Capital Markets Diagnostics & Research Insurance - Property & Casualty Packaged Foods Software - Infrastructure Specialty Chemicals Aerospace & Defense Biotechnology Information Technology Services Packaging & Containers Building Materials

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

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