PHDG vs. CFO ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Compass EMP US 500 Enhanced Volatility Weighted Index ETF (CFO)

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

CFO

Compass EMP US 500 Enhanced Volatility Weighted Index ETF

CFO Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Long/Cash Volatility Weighted Index before fees and expenses. The index is an unmanaged index that consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges with consistent positive earnings and weighted based on the volatility of each stock. Under normal market conditions, the fund invests at least 80% of its assets in the securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$73.21

Average Daily Volume

10,127

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	CFO
30 Days	0.66%	4.74%
60 Days	1.51%	5.72%
90 Days	1.58%	8.14%
12 Months	18.52%	27.88%

406 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in CFO	Overlap
A	D	0.04%	0.16%	0.04%
AAPL	C	3.74%	0.2%	0.2%
ABBV	D	0.32%	0.21%	0.21%
ABNB	C	0.06%	0.16%	0.06%
ABT	B	0.22%	0.26%	0.22%
ACGL	D	0.04%	0.2%	0.04%
ACN	C	0.24%	0.21%	0.21%
ADBE	C	0.25%	0.12%	0.12%
ADI	D	0.11%	0.13%	0.11%
ADM	D	0.03%	0.11%	0.03%
ADP	B	0.13%	0.35%	0.13%
ADSK	A	0.07%	0.2%	0.07%
AEE	A	0.03%	0.25%	0.03%
AEP	D	0.05%	0.23%	0.05%
AES	F	0.01%	0.11%	0.01%
AFL	B	0.06%	0.22%	0.06%
AIG	B	0.05%	0.23%	0.05%
AJG	B	0.07%	0.25%	0.07%
AKAM	D	0.01%	0.15%	0.01%
ALGN	D	0.02%	0.11%	0.02%
ALL	A	0.06%	0.23%	0.06%
ALLE	D	0.01%	0.21%	0.01%
AMAT	F	0.17%	0.11%	0.11%
AMD	F	0.24%	0.09%	0.09%
AME	A	0.05%	0.25%	0.05%
AMGN	D	0.17%	0.16%	0.16%
AMP	A	0.06%	0.32%	0.06%
AMZN	C	2.13%	0.2%	0.2%
ANET	C	0.11%	0.13%	0.11%
AON	A	0.09%	0.23%	0.09%
AOS	F	0.01%	0.17%	0.01%
APD	A	0.08%	0.18%	0.08%
APH	A	0.09%	0.2%	0.09%
APTV	D	0.02%	0.09%	0.02%
ATO	A	0.02%	0.34%	0.02%
AVGO	D	0.86%	0.11%	0.11%
AVY	D	0.02%	0.25%	0.02%
AWK	D	0.03%	0.21%	0.03%
AXON	A	0.05%	0.22%	0.05%
AXP	A	0.17%	0.23%	0.17%
AZO	C	0.06%	0.22%	0.06%
BAC	A	0.33%	0.23%	0.23%
BBY	D	0.02%	0.12%	0.02%
BDX	F	0.07%	0.24%	0.07%
BG	F	0.01%	0.17%	0.01%
BIIB	F	0.03%	0.14%	0.03%
BK	A	0.06%	0.3%	0.06%
BKNG	A	0.18%	0.22%	0.18%
BKR	B	0.05%	0.23%	0.05%
BLDR	D	0.02%	0.1%	0.02%
BLK	C	0.16%	0.29%	0.16%
BR	A	0.03%	0.26%	0.03%
BRK.A	B	0.92%	0.34%	0.34%
BRO	B	0.03%	0.26%	0.03%
BSX	B	0.14%	0.29%	0.14%
BX	A	0.14%	0.2%	0.14%
C	A	0.14%	0.21%	0.14%
CAG	D	0.01%	0.19%	0.01%
CAH	B	0.03%	0.23%	0.03%
CARR	D	0.07%	0.16%	0.07%
CAT	B	0.2%	0.2%	0.2%
CB	C	0.12%	0.28%	0.12%
CBOE	B	0.02%	0.22%	0.02%
CBRE	B	0.04%	0.19%	0.04%
CDNS	B	0.09%	0.17%	0.09%
CDW	F	0.03%	0.15%	0.03%
CE	F	0.01%	0.1%	0.01%
CEG	D	0.08%	0.11%	0.08%
CF	B	0.02%	0.18%	0.02%
CFG	B	0.02%	0.17%	0.02%
CHD	B	0.03%	0.31%	0.03%
CHRW	C	0.01%	0.15%	0.01%
CHTR	C	0.04%	0.13%	0.04%
CI	F	0.1%	0.22%	0.1%
CINF	A	0.03%	0.25%	0.03%
CL	D	0.08%	0.28%	0.08%
CLX	B	0.02%	0.22%	0.02%
CMCSA	B	0.18%	0.24%	0.18%
CME	A	0.09%	0.28%	0.09%
CMG	B	0.09%	0.17%	0.09%
CMI	A	0.05%	0.22%	0.05%
CMS	C	0.02%	0.27%	0.02%
CNC	D	0.03%	0.13%	0.03%
CNP	B	0.02%	0.24%	0.02%
COF	B	0.08%	0.23%	0.08%
COP	C	0.14%	0.24%	0.14%
COR	B	0.05%	0.28%	0.05%
COST	B	0.44%	0.24%	0.24%
CPAY	A	0.03%	0.21%	0.03%
CPB	D	0.01%	0.2%	0.01%
CPRT	A	0.05%	0.27%	0.05%
CRM	B	0.35%	0.17%	0.17%
CRWD	B	0.09%	0.12%	0.09%
CSCO	B	0.25%	0.29%	0.25%
CSGP	D	0.03%	0.16%	0.03%
CSX	B	0.07%	0.29%	0.07%
CTAS	B	0.08%	0.26%	0.08%
CTRA	B	0.02%	0.22%	0.02%
CTSH	B	0.04%	0.24%	0.04%
CTVA	C	0.04%	0.15%	0.04%
CVS	D	0.07%	0.14%	0.07%
CVX	A	0.3%	0.27%	0.27%
D	C	0.05%	0.2%	0.05%
DAL	C	0.04%	0.23%	0.04%
DD	D	0.04%	0.17%	0.04%
DE	A	0.11%	0.2%	0.11%
DECK	A	0.03%	0.13%	0.03%
DELL	C	0.04%	0.08%	0.04%
DG	F	0.02%	0.09%	0.02%
DGX	A	0.02%	0.23%	0.02%
DHI	D	0.05%	0.12%	0.05%
DHR	F	0.17%	0.18%	0.17%
DIS	B	0.21%	0.21%	0.21%
DOV	A	0.03%	0.25%	0.03%
DOW	F	0.03%	0.2%	0.03%
DPZ	C	0.02%	0.17%	0.02%
DRI	B	0.02%	0.24%	0.02%
DTE	C	0.03%	0.23%	0.03%
DUK	C	0.09%	0.29%	0.09%
DVA	B	0.01%	0.17%	0.01%
DVN	F	0.03%	0.18%	0.03%
DXCM	D	0.03%	0.08%	0.03%
EA	A	0.04%	0.29%	0.04%
EBAY	D	0.03%	0.2%	0.03%
ECL	D	0.07%	0.23%	0.07%
ED	D	0.04%	0.26%	0.04%
EFX	F	0.03%	0.14%	0.03%
EG	C	0.02%	0.18%	0.02%
EIX	B	0.03%	0.23%	0.03%
EL	F	0.02%	0.09%	0.02%
ELV	F	0.1%	0.18%	0.1%
EMN	D	0.01%	0.21%	0.01%
EMR	A	0.08%	0.22%	0.08%
ENPH	F	0.01%	0.04%	0.01%
EOG	A	0.08%	0.23%	0.08%
EPAM	C	0.02%	0.13%	0.02%
EQT	B	0.03%	0.19%	0.03%
ERIE	D	0.01%	0.15%	0.01%
ETN	A	0.16%	0.2%	0.16%
ETR	B	0.03%	0.31%	0.03%
EVRG	A	0.02%	0.28%	0.02%
EW	C	0.04%	0.1%	0.04%
EXC	C	0.04%	0.21%	0.04%
EXPD	D	0.02%	0.22%	0.02%
EXPE	B	0.02%	0.15%	0.02%
F	C	0.05%	0.12%	0.05%
FANG	D	0.04%	0.17%	0.04%
FAST	B	0.05%	0.26%	0.05%
FCX	D	0.07%	0.13%	0.07%
FDS	B	0.02%	0.25%	0.02%
FDX	B	0.07%	0.15%	0.07%
FE	C	0.02%	0.26%	0.02%
FFIV	B	0.02%	0.22%	0.02%
FI	A	0.13%	0.34%	0.13%
FICO	B	0.06%	0.2%	0.06%
FIS	C	0.05%	0.22%	0.05%
FITB	A	0.03%	0.19%	0.03%
FOXA	B	0.01%	0.26%	0.01%
FSLR	F	0.02%	0.08%	0.02%
FTNT	C	0.06%	0.14%	0.06%
FTV	C	0.03%	0.22%	0.03%
GD	F	0.08%	0.29%	0.08%
GDDY	A	0.03%	0.24%	0.03%
GE	D	0.21%	0.17%	0.17%
GEHC	F	0.04%	0.15%	0.04%
GEN	B	0.02%	0.17%	0.02%
GEV	B	0.1%	0.15%	0.1%
GILD	C	0.12%	0.21%	0.12%
GIS	D	0.04%	0.21%	0.04%
GLW	B	0.04%	0.19%	0.04%
GM	B	0.07%	0.19%	0.07%
GOOGL	C	1.11%	0.18%	0.18%
GPC	D	0.02%	0.17%	0.02%
GPN	B	0.03%	0.17%	0.03%
GRMN	B	0.03%	0.21%	0.03%
GS	A	0.2%	0.24%	0.2%
GWW	B	0.06%	0.27%	0.06%
HAL	C	0.03%	0.18%	0.03%
HBAN	A	0.03%	0.21%	0.03%
HCA	F	0.07%	0.17%	0.07%
HD	A	0.43%	0.25%	0.25%
HIG	B	0.04%	0.25%	0.04%
HII	D	0.01%	0.14%	0.01%
HLT	A	0.07%	0.29%	0.07%
HOLX	D	0.02%	0.28%	0.02%
HON	B	0.16%	0.33%	0.16%
HPE	B	0.03%	0.15%	0.03%
HPQ	B	0.04%	0.15%	0.04%
HRL	D	0.01%	0.16%	0.01%
HSY	F	0.03%	0.2%	0.03%
HUBB	B	0.03%	0.17%	0.03%
HUM	C	0.04%	0.11%	0.04%
HWM	A	0.05%	0.16%	0.05%
IBM	C	0.21%	0.21%	0.21%
ICE	C	0.1%	0.3%	0.1%
IDXX	F	0.04%	0.16%	0.04%
IEX	B	0.02%	0.27%	0.02%
INCY	C	0.01%	0.22%	0.01%
INTC	D	0.12%	0.1%	0.1%
INTU	C	0.21%	0.19%	0.19%
IP	B	0.02%	0.18%	0.02%
IPG	D	0.01%	0.2%	0.01%
IQV	D	0.04%	0.12%	0.04%
IR	B	0.04%	0.2%	0.04%
ISRG	A	0.21%	0.19%	0.19%
IT	C	0.04%	0.21%	0.04%
ITW	B	0.08%	0.33%	0.08%
J	F	0.02%	0.23%	0.02%
JBHT	C	0.02%	0.18%	0.02%
JBL	B	0.02%	0.14%	0.02%
JCI	C	0.06%	0.21%	0.06%
JKHY	D	0.01%	0.25%	0.01%
JNJ	D	0.39%	0.27%	0.27%
JPM	A	0.74%	0.26%	0.26%
KDP	D	0.04%	0.25%	0.04%
KEY	B	0.02%	0.16%	0.02%
KEYS	A	0.03%	0.15%	0.03%
KHC	F	0.03%	0.21%	0.03%
KKR	A	0.11%	0.18%	0.11%
KLAC	D	0.09%	0.09%	0.09%
KMB	D	0.05%	0.22%	0.05%
KMI	A	0.06%	0.35%	0.06%
KMX	B	0.01%	0.12%	0.01%
KO	D	0.26%	0.33%	0.26%
KR	B	0.04%	0.25%	0.04%
KVUE	A	0.05%	0.18%	0.05%
L	A	0.02%	0.32%	0.02%
LDOS	C	0.02%	0.28%	0.02%
LEN	D	0.04%	0.14%	0.04%
LH	C	0.02%	0.21%	0.02%
LHX	C	0.05%	0.28%	0.05%
LIN	D	0.23%	0.3%	0.23%
LLY	F	0.67%	0.13%	0.13%
LMT	D	0.12%	0.3%	0.12%
LNT	A	0.02%	0.26%	0.02%
LOW	D	0.17%	0.22%	0.17%
LRCX	F	0.11%	0.1%	0.1%
LUV	C	0.02%	0.13%	0.02%
LVS	C	0.02%	0.21%	0.02%
LYB	F	0.02%	0.21%	0.02%
LYV	A	0.02%	0.22%	0.02%
MA	C	0.46%	0.31%	0.31%
MAR	B	0.07%	0.27%	0.07%
MAS	D	0.02%	0.18%	0.02%
MCD	D	0.23%	0.27%	0.23%
MCHP	D	0.04%	0.1%	0.04%
MCK	B	0.09%	0.24%	0.09%
MCO	B	0.08%	0.23%	0.08%
MDLZ	F	0.09%	0.25%	0.09%
MDT	D	0.12%	0.25%	0.12%
MET	A	0.05%	0.26%	0.05%
META	D	1.36%	0.13%	0.13%
MGM	D	0.01%	0.14%	0.01%
MKC	D	0.02%	0.18%	0.02%
MLM	B	0.04%	0.22%	0.04%
MMC	B	0.12%	0.3%	0.12%
MMM	D	0.08%	0.12%	0.08%
MNST	C	0.04%	0.25%	0.04%
MO	A	0.1%	0.26%	0.1%
MOH	F	0.02%	0.13%	0.02%
MPC	D	0.06%	0.14%	0.06%
MPWR	F	0.03%	0.06%	0.03%
MRK	F	0.27%	0.18%	0.18%
MS	A	0.18%	0.26%	0.18%
MSCI	C	0.05%	0.16%	0.05%
MSFT	F	3.42%	0.25%	0.25%
MSI	B	0.09%	0.31%	0.09%
MTB	A	0.04%	0.22%	0.04%
MTD	D	0.03%	0.12%	0.03%
NDAQ	A	0.03%	0.25%	0.03%
NDSN	B	0.02%	0.21%	0.02%
NEE	D	0.17%	0.16%	0.16%
NFLX	A	0.39%	0.19%	0.19%
NI	A	0.02%	0.31%	0.02%
NKE	D	0.1%	0.12%	0.1%
NOC	D	0.07%	0.24%	0.07%
NOW	A	0.23%	0.16%	0.16%
NRG	B	0.02%	0.15%	0.02%
NSC	B	0.06%	0.18%	0.06%
NTAP	C	0.03%	0.14%	0.03%
NTRS	A	0.02%	0.23%	0.02%
NUE	C	0.04%	0.17%	0.04%
NVDA	C	3.89%	0.1%	0.1%
NVR	D	0.03%	0.19%	0.03%
NWSA	B	0.01%	0.22%	0.01%
NXPI	D	0.06%	0.12%	0.06%
ODFL	B	0.05%	0.17%	0.05%
OKE	A	0.07%	0.3%	0.07%
OMC	C	0.02%	0.24%	0.02%
ON	D	0.03%	0.08%	0.03%
ORCL	B	0.32%	0.2%	0.2%
ORLY	B	0.08%	0.26%	0.08%
OTIS	C	0.04%	0.28%	0.04%
OXY	D	0.04%	0.2%	0.04%
PANW	C	0.14%	0.11%	0.11%
PAYX	C	0.05%	0.27%	0.05%
PCAR	B	0.07%	0.23%	0.07%
PCG	A	0.05%	0.27%	0.05%
PEG	A	0.05%	0.29%	0.05%
PEP	F	0.24%	0.26%	0.24%
PFG	D	0.02%	0.26%	0.02%
PG	A	0.42%	0.3%	0.3%
PGR	A	0.16%	0.23%	0.16%
PH	A	0.1%	0.2%	0.1%
PHM	D	0.03%	0.15%	0.03%
PKG	A	0.02%	0.28%	0.02%
PLTR	B	0.13%	0.14%	0.13%
PM	B	0.21%	0.3%	0.21%
PNC	B	0.09%	0.21%	0.09%
PODD	C	0.02%	0.15%	0.02%
POOL	C	0.01%	0.15%	0.01%
PPG	F	0.03%	0.25%	0.03%
PPL	B	0.03%	0.3%	0.03%
PRU	A	0.05%	0.22%	0.05%
PSX	C	0.06%	0.17%	0.06%
PTC	A	0.02%	0.24%	0.02%
PWR	A	0.05%	0.17%	0.05%
PYPL	B	0.09%	0.16%	0.09%
QCOM	F	0.2%	0.11%	0.11%
RCL	A	0.06%	0.19%	0.06%
REGN	F	0.09%	0.18%	0.09%
RF	A	0.03%	0.19%	0.03%
RJF	A	0.03%	0.29%	0.03%
RMD	C	0.04%	0.11%	0.04%
ROK	B	0.04%	0.14%	0.04%
ROL	B	0.02%	0.22%	0.02%
ROP	B	0.07%	0.26%	0.07%
ROST	C	0.05%	0.22%	0.05%
RSG	A	0.05%	0.33%	0.05%
RTX	C	0.17%	0.26%	0.17%
RVTY	F	0.02%	0.15%	0.02%
SBUX	A	0.12%	0.12%	0.12%
SCHW	B	0.13%	0.21%	0.13%
SHW	A	0.1%	0.23%	0.1%
SJM	D	0.01%	0.2%	0.01%
SLB	C	0.07%	0.18%	0.07%
SMCI	F	0.01%	0.02%	0.01%
SNA	A	0.02%	0.26%	0.02%
SNPS	B	0.09%	0.14%	0.09%
SO	D	0.1%	0.27%	0.1%
SOLV	C	0.01%	0.13%	0.01%
SPGI	C	0.18%	0.29%	0.18%
SRE	A	0.06%	0.29%	0.06%
STE	F	0.02%	0.2%	0.02%
STLD	B	0.02%	0.19%	0.02%
STT	A	0.03%	0.24%	0.03%
STX	D	0.02%	0.15%	0.02%
STZ	D	0.04%	0.24%	0.04%
SWKS	F	0.01%	0.1%	0.01%
SYF	B	0.03%	0.21%	0.03%
SYK	C	0.14%	0.26%	0.14%
SYY	B	0.04%	0.23%	0.04%
T	A	0.17%	0.27%	0.17%
TAP	C	0.01%	0.24%	0.01%
TDG	D	0.08%	0.2%	0.08%
TDY	B	0.02%	0.23%	0.02%
TECH	D	0.01%	0.12%	0.01%
TER	D	0.02%	0.08%	0.02%
TFX	F	0.01%	0.13%	0.01%
TGT	F	0.08%	0.15%	0.08%
TJX	A	0.15%	0.27%	0.15%
TMO	F	0.22%	0.2%	0.2%
TMUS	B	0.13%	0.42%	0.13%
TRGP	B	0.05%	0.3%	0.05%
TRMB	B	0.02%	0.24%	0.02%
TROW	B	0.03%	0.22%	0.03%
TRV	B	0.06%	0.24%	0.06%
TSCO	D	0.03%	0.2%	0.03%
TSLA	B	0.93%	0.12%	0.12%
TT	A	0.1%	0.23%	0.1%
TXN	C	0.2%	0.17%	0.17%
TXT	D	0.02%	0.19%	0.02%
TYL	B	0.03%	0.2%	0.03%
UAL	A	0.03%	0.22%	0.03%
UBER	D	0.16%	0.12%	0.12%
UHS	D	0.01%	0.15%	0.01%
ULTA	F	0.02%	0.15%	0.02%
UNH	C	0.59%	0.19%	0.19%
UNP	C	0.15%	0.25%	0.15%
UPS	C	0.1%	0.17%	0.1%
URI	B	0.06%	0.14%	0.06%
USB	A	0.08%	0.19%	0.08%
V	A	0.56%	0.34%	0.34%
VLO	C	0.05%	0.15%	0.05%
VLTO	D	0.03%	0.2%	0.03%
VMC	B	0.04%	0.24%	0.04%
VRSK	A	0.04%	0.24%	0.04%
VRSN	F	0.02%	0.26%	0.02%
VST	B	0.05%	0.15%	0.05%
VZ	C	0.19%	0.22%	0.19%
WAB	B	0.04%	0.26%	0.04%
WAT	B	0.02%	0.17%	0.02%
WEC	A	0.03%	0.25%	0.03%
WFC	A	0.27%	0.23%	0.23%
WM	A	0.09%	0.27%	0.09%
WMB	A	0.07%	0.32%	0.07%
WMT	A	0.4%	0.29%	0.29%
WRB	A	0.02%	0.21%	0.02%
WST	C	0.03%	0.14%	0.03%
XEL	A	0.04%	0.22%	0.04%
XOM	B	0.58%	0.26%	0.26%
XYL	D	0.03%	0.2%	0.03%
YUM	B	0.04%	0.3%	0.04%
ZBH	C	0.02%	0.23%	0.02%
ZBRA	B	0.02%	0.15%	0.02%
ZTS	D	0.09%	0.17%	0.09%

PHDG Overweight 93 Positions Relative to CFO

Symbol	Grade	Weight
GOOG	C	0.92%
PFE	D	0.16%
BMY	B	0.13%
VRTX	F	0.13%
MU	D	0.12%
BA	F	0.11%
PLD	D	0.11%
AMT	D	0.1%
EQIX	A	0.09%
WELL	A	0.08%
TFC	A	0.07%
PSA	D	0.06%
SPG	B	0.06%
DLR	B	0.06%
DFS	B	0.05%
CCI	D	0.05%
NEM	D	0.05%
O	D	0.05%
VICI	C	0.04%
IRM	D	0.04%
EXR	D	0.04%
LULU	C	0.04%
HES	B	0.04%
SBAC	D	0.03%
CCL	B	0.03%
SW	A	0.03%
EQR	B	0.03%
VTR	C	0.03%
TTWO	A	0.03%
ANSS	B	0.03%
WTW	B	0.03%
AVB	B	0.03%
AMCR	D	0.02%
DOC	D	0.02%
VTRS	A	0.02%
MRO	B	0.02%
BAX	D	0.02%
KIM	A	0.02%
ARE	D	0.02%
PNR	A	0.02%
TSN	B	0.02%
MAA	B	0.02%
BALL	D	0.02%
INVH	D	0.02%
ESS	B	0.02%
WDC	D	0.02%
K	A	0.02%
ES	D	0.02%
WBD	C	0.02%
WY	D	0.02%
IFF	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%
MHK	D	0.01%
BWA	D	0.01%
IVZ	B	0.01%
MTCH	D	0.01%
HAS	D	0.01%
APA	D	0.01%
MOS	F	0.01%
HSIC	B	0.01%
CZR	F	0.01%
RL	B	0.01%
FRT	B	0.01%
WYNN	D	0.01%
GL	B	0.01%
MKTX	D	0.01%
CRL	C	0.01%
LKQ	D	0.01%
PNW	B	0.01%
CTLT	B	0.01%
PAYC	B	0.01%
AIZ	A	0.01%
GNRC	B	0.01%
LW	C	0.01%
BXP	D	0.01%
NCLH	B	0.01%
ALB	C	0.01%
REG	B	0.01%
DAY	B	0.01%
HST	C	0.01%
JNPR	F	0.01%
CPT	B	0.01%
SWK	D	0.01%
DLTR	F	0.01%
TPR	B	0.01%
UDR	B	0.01%
MRNA	F	0.01%
NWS	B	0.0%

PHDG Underweight 89 Positions Relative to CFO

Symbol	Grade	Weight
LNG	B	-0.3%
IBKR	A	-0.28%
GGG	B	-0.27%
CW	B	-0.27%
AFG	A	-0.27%
MKL	A	-0.25%
RPM	A	-0.25%
SSNC	B	-0.25%
APP	B	-0.24%
JEF	A	-0.24%
TW	A	-0.24%
MORN	B	-0.24%
SCI	B	-0.24%
HEI	B	-0.24%
ACM	A	-0.23%
TXRH	C	-0.23%
EQH	B	-0.23%
RGA	A	-0.22%
PFGC	B	-0.22%
USFD	A	-0.22%
APO	B	-0.22%
LPLA	A	-0.21%
EWBC	A	-0.21%
RNR	C	-0.21%
EME	C	-0.2%
CLH	B	-0.2%
OWL	A	-0.2%
FNF	B	-0.2%
ITT	A	-0.2%
ARES	A	-0.2%
WSO	A	-0.19%
H	B	-0.19%
WMG	C	-0.19%
CSL	C	-0.19%
RS	B	-0.19%
PAG	B	-0.18%
CASY	A	-0.18%
OVV	B	-0.18%
ZM	B	-0.18%
TPL	A	-0.18%
OC	A	-0.18%
RYAN	B	-0.18%
CRBG	B	-0.17%
BAH	F	-0.17%
UTHR	C	-0.17%
VEEV	C	-0.17%
FCNCA	A	-0.17%
DOCU	A	-0.17%
PR	B	-0.17%
LII	A	-0.17%
MANH	D	-0.16%
DT	C	-0.16%
TTEK	F	-0.16%
WLK	D	-0.15%
UHAL	D	-0.15%
WDAY	B	-0.15%
JLL	D	-0.15%
THC	D	-0.14%
BSY	D	-0.14%
CPNG	D	-0.14%
DDOG	A	-0.14%
XPO	B	-0.14%
BMRN	D	-0.13%
BURL	A	-0.13%
NBIX	C	-0.13%
HOOD	B	-0.13%
FIX	A	-0.13%
TOL	B	-0.13%
AVTR	F	-0.12%
ALLY	C	-0.12%
SQ	B	-0.12%
COKE	C	-0.12%
VRT	B	-0.12%
TTD	B	-0.12%
WMS	D	-0.11%
FND	C	-0.11%
WING	D	-0.11%
DKS	C	-0.1%
WSM	B	-0.1%
ENTG	D	-0.1%
PINS	D	-0.1%
KNSL	B	-0.1%
BLD	D	-0.1%
PSTG	D	-0.09%
COIN	C	-0.09%
CHWY	B	-0.08%
CVNA	B	-0.08%
SRPT	D	-0.07%
RKT	F	-0.06%