PHDG vs. EPS ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to WisdomTree Earnings 500 Fund (EPS)

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

$38.27

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

EPS

WisdomTree Earnings 500 Fund

EPS Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Earning 500 Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of earnings-generating companies within the large-capitalization segment of the U.S. Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.81

Average Daily Volume

41,499

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	EPS
30 Days	-1.45%	2.61%
60 Days	1.30%	5.32%
90 Days	1.18%	6.84%
12 Months	18.05%	32.43%

413 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in EPS	Overlap
A	D	0.04%	0.05%	0.04%
AAPL	C	3.74%	5.27%	3.74%
ABBV	F	0.32%	0.93%	0.32%
ABNB	C	0.06%	0.2%	0.06%
ABT	B	0.22%	0.32%	0.22%
ADBE	C	0.25%	0.25%	0.25%
ADI	D	0.11%	0.26%	0.11%
ADM	D	0.03%	0.11%	0.03%
ADP	A	0.13%	0.16%	0.13%
ADSK	A	0.07%	0.13%	0.07%
AEE	A	0.03%	0.04%	0.03%
AEP	C	0.05%	0.11%	0.05%
AFL	B	0.06%	0.2%	0.06%
AIG	B	0.05%	0.19%	0.05%
AJG	A	0.07%	0.07%	0.07%
AKAM	D	0.01%	0.05%	0.01%
ALB	B	0.01%	0.08%	0.01%
ALGN	D	0.02%	0.02%	0.02%
AMAT	F	0.17%	0.34%	0.17%
AME	A	0.05%	0.06%	0.05%
AMGN	F	0.17%	0.37%	0.17%
AMP	A	0.06%	0.18%	0.06%
AMT	C	0.1%	0.06%	0.06%
AMZN	C	2.13%	3.27%	2.13%
ANET	C	0.11%	0.18%	0.11%
ANSS	B	0.03%	0.07%	0.03%
APA	D	0.01%	0.03%	0.01%
APD	A	0.08%	0.11%	0.08%
APH	A	0.09%	0.15%	0.09%
ARE	F	0.02%	0.01%	0.01%
ATO	A	0.02%	0.03%	0.02%
AVB	B	0.03%	0.04%	0.03%
AVGO	D	0.86%	1.31%	0.86%
AVY	F	0.02%	0.02%	0.02%
AWK	C	0.03%	0.03%	0.03%
AXON	A	0.05%	0.04%	0.04%
AXP	A	0.17%	0.5%	0.17%
AZO	C	0.06%	0.1%	0.06%
BAC	A	0.33%	1.69%	0.33%
BALL	F	0.02%	0.02%	0.02%
BBY	D	0.02%	0.05%	0.02%
BDX	F	0.07%	0.12%	0.07%
BEN	C	0.01%	0.03%	0.01%
BIIB	F	0.03%	0.05%	0.03%
BK	A	0.06%	0.19%	0.06%
BKNG	A	0.18%	0.32%	0.18%
BKR	A	0.05%	0.06%	0.05%
BLDR	D	0.02%	0.08%	0.02%
BLK	B	0.16%	0.28%	0.16%
BMY	B	0.13%	0.69%	0.13%
BR	A	0.03%	0.03%	0.03%
BRK.A	B	0.92%	1.8%	0.92%
BRO	B	0.03%	0.04%	0.03%
BSX	A	0.14%	0.17%	0.14%
C	A	0.14%	0.69%	0.14%
CAG	F	0.01%	0.04%	0.01%
CAH	B	0.03%	0.06%	0.03%
CARR	C	0.07%	0.11%	0.07%
CAT	B	0.2%	0.58%	0.2%
CBOE	C	0.02%	0.03%	0.02%
CBRE	B	0.04%	0.07%	0.04%
CCI	C	0.05%	0.04%	0.04%
CDNS	B	0.09%	0.09%	0.09%
CDW	F	0.03%	0.06%	0.03%
CE	F	0.01%	0.02%	0.01%
CEG	C	0.08%	0.1%	0.08%
CF	A	0.02%	0.09%	0.02%
CFG	B	0.02%	0.11%	0.02%
CHD	A	0.03%	0.03%	0.03%
CHRW	B	0.01%	0.02%	0.01%
CHTR	C	0.04%	0.18%	0.04%
CI	D	0.1%	0.33%	0.1%
CINF	A	0.03%	0.04%	0.03%
CL	D	0.08%	0.11%	0.08%
CLX	A	0.02%	0.02%	0.02%
CMCSA	B	0.18%	0.64%	0.18%
CME	B	0.09%	0.12%	0.09%
CMG	B	0.09%	0.06%	0.06%
CMI	A	0.05%	0.16%	0.05%
CMS	C	0.02%	0.03%	0.02%
CNC	D	0.03%	0.11%	0.03%
CNP	A	0.02%	0.04%	0.02%
COF	C	0.08%	0.29%	0.08%
COP	C	0.14%	0.42%	0.14%
COR	B	0.05%	0.11%	0.05%
COST	A	0.44%	0.37%	0.37%
CPAY	A	0.03%	0.06%	0.03%
CPB	D	0.01%	0.03%	0.01%
CPRT	B	0.05%	0.06%	0.05%
CPT	B	0.01%	0.01%	0.01%
CRL	D	0.01%	0.01%	0.01%
CRM	B	0.35%	0.41%	0.35%
CRWD	B	0.09%	0.08%	0.08%
CSCO	B	0.25%	0.81%	0.25%
CSGP	D	0.03%	0.02%	0.02%
CSX	C	0.07%	0.14%	0.07%
CTAS	B	0.08%	0.08%	0.08%
CTRA	B	0.02%	0.08%	0.02%
CTSH	B	0.04%	0.12%	0.04%
CVS	D	0.07%	0.33%	0.07%
CVX	A	0.3%	1.12%	0.3%
D	C	0.05%	0.12%	0.05%
DAL	B	0.04%	0.24%	0.04%
DAY	B	0.01%	0.01%	0.01%
DD	C	0.04%	0.06%	0.04%
DE	B	0.11%	0.42%	0.11%
DECK	A	0.03%	0.03%	0.03%
DFS	B	0.05%	0.22%	0.05%
DGX	A	0.02%	0.04%	0.02%
DHI	F	0.05%	0.22%	0.05%
DHR	F	0.17%	0.24%	0.17%
DIS	B	0.21%	0.32%	0.21%
DLR	B	0.06%	0.05%	0.05%
DOV	A	0.03%	0.06%	0.03%
DOW	F	0.03%	0.05%	0.03%
DPZ	C	0.02%	0.02%	0.02%
DRI	B	0.02%	0.04%	0.02%
DTE	C	0.03%	0.04%	0.03%
DUK	C	0.09%	0.17%	0.09%
DVN	F	0.03%	0.12%	0.03%
DXCM	C	0.03%	0.02%	0.02%
EA	A	0.04%	0.08%	0.04%
EBAY	D	0.03%	0.12%	0.03%
ECL	D	0.07%	0.06%	0.06%
ED	C	0.04%	0.06%	0.04%
EFX	F	0.03%	0.03%	0.03%
EIX	B	0.03%	0.08%	0.03%
ELV	F	0.1%	0.24%	0.1%
EMN	C	0.01%	0.03%	0.01%
EMR	B	0.08%	0.13%	0.08%
ENPH	F	0.01%	0.03%	0.01%
EOG	A	0.08%	0.29%	0.08%
EPAM	B	0.02%	0.05%	0.02%
EQIX	A	0.09%	0.06%	0.06%
EQR	C	0.03%	0.02%	0.02%
EQT	B	0.03%	0.03%	0.03%
ERIE	D	0.01%	0.01%	0.01%
ES	C	0.02%	0.05%	0.02%
ESS	B	0.02%	0.02%	0.02%
ETR	B	0.03%	0.06%	0.03%
EVRG	A	0.02%	0.03%	0.02%
EW	C	0.04%	0.04%	0.04%
EXC	C	0.04%	0.08%	0.04%
EXPD	C	0.02%	0.03%	0.02%
EXPE	B	0.02%	0.06%	0.02%
EXR	C	0.04%	0.03%	0.03%
F	C	0.05%	0.26%	0.05%
FANG	C	0.04%	0.15%	0.04%
FAST	B	0.05%	0.05%	0.05%
FDS	B	0.02%	0.02%	0.02%
FDX	B	0.07%	0.17%	0.07%
FE	C	0.02%	0.05%	0.02%
FFIV	B	0.02%	0.07%	0.02%
FI	A	0.13%	0.28%	0.13%
FICO	B	0.06%	0.09%	0.06%
FIS	C	0.05%	0.17%	0.05%
FITB	B	0.03%	0.13%	0.03%
FOXA	A	0.01%	0.09%	0.01%
FTNT	C	0.06%	0.13%	0.06%
FTV	C	0.03%	0.04%	0.03%
GD	D	0.08%	0.13%	0.08%
GDDY	A	0.03%	0.07%	0.03%
GE	D	0.21%	0.17%	0.17%
GEHC	D	0.04%	0.07%	0.04%
GEN	B	0.02%	0.1%	0.02%
GEV	B	0.1%	0.09%	0.09%
GILD	C	0.12%	0.34%	0.12%
GIS	D	0.04%	0.09%	0.04%
GL	C	0.01%	0.02%	0.01%
GLW	B	0.04%	0.15%	0.04%
GM	C	0.07%	0.43%	0.07%
GOOGL	C	1.11%	5.03%	1.11%
GPC	D	0.02%	0.04%	0.02%
GPN	B	0.03%	0.1%	0.03%
GS	A	0.2%	0.48%	0.2%
GWW	B	0.06%	0.09%	0.06%
HAL	C	0.03%	0.08%	0.03%
HBAN	A	0.03%	0.12%	0.03%
HCA	F	0.07%	0.24%	0.07%
HD	B	0.43%	0.75%	0.43%
HES	B	0.04%	0.06%	0.04%
HIG	B	0.04%	0.13%	0.04%
HLT	A	0.07%	0.08%	0.07%
HOLX	D	0.02%	0.04%	0.02%
HON	C	0.16%	0.26%	0.16%
HPE	B	0.03%	0.17%	0.03%
HPQ	B	0.04%	0.2%	0.04%
HRL	D	0.01%	0.03%	0.01%
HST	C	0.01%	0.02%	0.01%
HSY	F	0.03%	0.06%	0.03%
HUBB	B	0.03%	0.03%	0.03%
HUM	C	0.04%	0.07%	0.04%
HWM	A	0.05%	0.05%	0.05%
IBM	C	0.21%	0.46%	0.21%
ICE	C	0.1%	0.15%	0.1%
IDXX	F	0.04%	0.03%	0.03%
IEX	C	0.02%	0.02%	0.02%
INCY	C	0.01%	0.01%	0.01%
INTC	C	0.12%	0.08%	0.08%
INTU	B	0.21%	0.22%	0.21%
INVH	D	0.02%	0.02%	0.02%
IP	A	0.02%	0.04%	0.02%
IPG	D	0.01%	0.03%	0.01%
IQV	F	0.04%	0.06%	0.04%
IR	B	0.04%	0.06%	0.04%
IRM	C	0.04%	0.04%	0.04%
ISRG	A	0.21%	0.13%	0.13%
IT	C	0.04%	0.07%	0.04%
ITW	B	0.08%	0.12%	0.08%
J	D	0.02%	0.03%	0.02%
JBHT	C	0.02%	0.02%	0.02%
JBL	C	0.02%	0.08%	0.02%
JKHY	D	0.01%	0.01%	0.01%
JNJ	C	0.39%	1.01%	0.39%
JPM	A	0.74%	2.94%	0.74%
K	A	0.02%	0.07%	0.02%
KDP	F	0.04%	0.08%	0.04%
KEY	B	0.02%	0.05%	0.02%
KEYS	A	0.03%	0.09%	0.03%
KHC	F	0.03%	0.11%	0.03%
KIM	A	0.02%	0.01%	0.01%
KLAC	F	0.09%	0.18%	0.09%
KMB	C	0.05%	0.09%	0.05%
KMI	A	0.06%	0.13%	0.06%
KO	D	0.26%	0.46%	0.26%
KR	B	0.04%	0.15%	0.04%
KVUE	A	0.05%	0.1%	0.05%
L	A	0.02%	0.05%	0.02%
LDOS	C	0.02%	0.05%	0.02%
LEN	D	0.04%	0.18%	0.04%
LH	B	0.02%	0.05%	0.02%
LHX	C	0.05%	0.1%	0.05%
LKQ	F	0.01%	0.03%	0.01%
LLY	F	0.67%	0.46%	0.46%
LMT	D	0.12%	0.31%	0.12%
LNT	A	0.02%	0.03%	0.02%
LOW	C	0.17%	0.38%	0.17%
LRCX	F	0.11%	0.19%	0.11%
LUV	C	0.02%	0.02%	0.02%
LVS	B	0.02%	0.03%	0.02%
LW	C	0.01%	0.01%	0.01%
LYV	A	0.02%	0.03%	0.02%
MA	B	0.46%	0.53%	0.46%
MAA	B	0.02%	0.02%	0.02%
MAR	A	0.07%	0.12%	0.07%
MAS	D	0.02%	0.03%	0.02%
MCD	D	0.23%	0.32%	0.23%
MCHP	F	0.04%	0.12%	0.04%
MCK	A	0.09%	0.19%	0.09%
MCO	B	0.08%	0.09%	0.08%
MDLZ	F	0.09%	0.14%	0.09%
MET	A	0.05%	0.26%	0.05%
META	D	1.36%	3.74%	1.36%
MGM	D	0.01%	0.01%	0.01%
MKC	C	0.02%	0.02%	0.02%
MLM	C	0.04%	0.04%	0.04%
MMC	B	0.12%	0.16%	0.12%
MMM	D	0.08%	0.23%	0.08%
MNST	C	0.04%	0.05%	0.04%
MO	A	0.1%	0.43%	0.1%
MOH	F	0.02%	0.03%	0.02%
MOS	F	0.01%	0.04%	0.01%
MPC	D	0.06%	0.36%	0.06%
MPWR	F	0.03%	0.05%	0.03%
MRK	D	0.27%	0.28%	0.27%
MRO	B	0.02%	0.07%	0.02%
MS	A	0.18%	0.59%	0.18%
MSCI	C	0.05%	0.04%	0.04%
MSFT	D	3.42%	5.07%	3.42%
MSI	B	0.09%	0.15%	0.09%
MTB	A	0.04%	0.17%	0.04%
MTD	F	0.03%	0.03%	0.03%
NDAQ	A	0.03%	0.06%	0.03%
NDSN	B	0.02%	0.02%	0.02%
NFLX	A	0.39%	0.47%	0.39%
NI	A	0.02%	0.03%	0.02%
NKE	F	0.1%	0.12%	0.1%
NOC	D	0.07%	0.14%	0.07%
NOW	A	0.23%	0.16%	0.16%
NSC	B	0.06%	0.12%	0.06%
NTAP	C	0.03%	0.1%	0.03%
NTRS	A	0.02%	0.05%	0.02%
NUE	C	0.04%	0.16%	0.04%
NVDA	B	3.89%	3.69%	3.69%
NVR	D	0.03%	0.07%	0.03%
NWSA	A	0.01%	0.02%	0.01%
O	C	0.05%	0.03%	0.03%
ODFL	C	0.05%	0.05%	0.05%
OKE	A	0.07%	0.14%	0.07%
OMC	C	0.02%	0.06%	0.02%
ON	D	0.03%	0.11%	0.03%
ORCL	A	0.32%	0.99%	0.32%
ORLY	B	0.08%	0.11%	0.08%
OTIS	C	0.04%	0.06%	0.04%
OXY	D	0.04%	0.14%	0.04%
PANW	B	0.14%	0.12%	0.12%
PAYC	B	0.01%	0.01%	0.01%
PAYX	B	0.05%	0.06%	0.05%
PCAR	B	0.07%	0.2%	0.07%
PCG	A	0.05%	0.1%	0.05%
PEG	A	0.05%	0.08%	0.05%
PEP	F	0.24%	0.36%	0.24%
PFG	D	0.02%	0.06%	0.02%
PG	C	0.42%	0.68%	0.42%
PGR	A	0.16%	0.15%	0.15%
PH	A	0.1%	0.18%	0.1%
PHM	D	0.03%	0.14%	0.03%
PKG	A	0.02%	0.04%	0.02%
PLD	F	0.11%	0.11%	0.11%
PLTR	B	0.13%	0.16%	0.13%
PM	B	0.21%	0.49%	0.21%
PNC	B	0.09%	0.32%	0.09%
PODD	C	0.02%	0.01%	0.01%
POOL	C	0.01%	0.02%	0.01%
PPG	F	0.03%	0.05%	0.03%
PPL	A	0.03%	0.04%	0.03%
PRU	A	0.05%	0.2%	0.05%
PSA	C	0.06%	0.08%	0.06%
PSX	C	0.06%	0.3%	0.06%
PTC	B	0.02%	0.05%	0.02%
PWR	A	0.05%	0.06%	0.05%
PYPL	B	0.09%	0.3%	0.09%
QCOM	F	0.2%	0.5%	0.2%
REG	A	0.01%	0.01%	0.01%
REGN	F	0.09%	0.17%	0.09%
RF	A	0.03%	0.12%	0.03%
RJF	A	0.03%	0.09%	0.03%
RMD	C	0.04%	0.04%	0.04%
ROK	C	0.04%	0.04%	0.04%
ROL	B	0.02%	0.02%	0.02%
ROP	B	0.07%	0.1%	0.07%
ROST	D	0.05%	0.06%	0.05%
RSG	A	0.05%	0.08%	0.05%
RTX	D	0.17%	0.4%	0.17%
SBAC	D	0.03%	0.02%	0.02%
SBUX	A	0.12%	0.15%	0.12%
SCHW	B	0.13%	0.31%	0.13%
SHW	B	0.1%	0.13%	0.1%
SJM	D	0.01%	0.03%	0.01%
SMCI	F	0.01%	0.06%	0.01%
SNA	A	0.02%	0.04%	0.02%
SNPS	B	0.09%	0.1%	0.09%
SO	C	0.1%	0.18%	0.1%
SOLV	D	0.01%	0.02%	0.01%
SPG	A	0.06%	0.1%	0.06%
SPGI	C	0.18%	0.16%	0.16%
SRE	A	0.06%	0.14%	0.06%
STLD	B	0.02%	0.13%	0.02%
STT	B	0.03%	0.11%	0.03%
STZ	D	0.04%	0.07%	0.04%
SW	A	0.03%	0.02%	0.02%
SWK	D	0.01%	0.01%	0.01%
SWKS	F	0.01%	0.07%	0.01%
SYF	B	0.03%	0.13%	0.03%
SYK	B	0.14%	0.19%	0.14%
SYY	D	0.04%	0.07%	0.04%
T	A	0.17%	0.9%	0.17%
TAP	C	0.01%	0.03%	0.01%
TDG	D	0.08%	0.07%	0.07%
TDY	B	0.02%	0.07%	0.02%
TECH	F	0.01%	0.01%	0.01%
TER	F	0.02%	0.05%	0.02%
TFX	F	0.01%	0.01%	0.01%
TGT	F	0.08%	0.15%	0.08%
TJX	A	0.15%	0.19%	0.15%
TMO	F	0.22%	0.32%	0.22%
TMUS	B	0.13%	0.44%	0.13%
TRGP	A	0.05%	0.04%	0.04%
TROW	B	0.03%	0.07%	0.03%
TRV	B	0.06%	0.13%	0.06%
TSCO	D	0.03%	0.04%	0.03%
TSLA	B	0.93%	0.75%	0.75%
TSN	B	0.02%	0.02%	0.02%
TTWO	A	0.03%	0.02%	0.02%
TXN	C	0.2%	0.38%	0.2%
TXT	D	0.02%	0.03%	0.02%
TYL	B	0.03%	0.06%	0.03%
UAL	A	0.03%	0.19%	0.03%
UBER	F	0.16%	0.09%	0.09%
UDR	B	0.01%	0.01%	0.01%
ULTA	F	0.02%	0.03%	0.02%
UNH	B	0.59%	0.92%	0.59%
UNP	C	0.15%	0.24%	0.15%
UPS	C	0.1%	0.27%	0.1%
URI	C	0.06%	0.17%	0.06%
USB	A	0.08%	0.24%	0.08%
V	A	0.56%	0.86%	0.56%
VICI	C	0.04%	0.09%	0.04%
VLO	C	0.05%	0.29%	0.05%
VMC	B	0.04%	0.04%	0.04%
VRSK	A	0.04%	0.04%	0.04%
VRSN	C	0.02%	0.04%	0.02%
VRTX	D	0.13%	0.18%	0.13%
VST	A	0.05%	0.19%	0.05%
VTR	B	0.03%	0.02%	0.02%
VZ	C	0.19%	0.85%	0.19%
WAB	B	0.04%	0.06%	0.04%
WAT	C	0.02%	0.02%	0.02%
WEC	A	0.03%	0.05%	0.03%
WELL	A	0.08%	0.05%	0.05%
WFC	A	0.27%	1.1%	0.27%
WM	B	0.09%	0.1%	0.09%
WMB	A	0.07%	0.13%	0.07%
WMT	A	0.4%	1.12%	0.4%
WRB	A	0.02%	0.04%	0.02%
WST	C	0.03%	0.02%	0.02%
WY	F	0.02%	0.02%	0.02%
XEL	A	0.04%	0.06%	0.04%
XOM	B	0.58%	2.18%	0.58%
XYL	D	0.03%	0.02%	0.02%
YUM	D	0.04%	0.05%	0.04%
ZBH	C	0.02%	0.05%	0.02%
ZTS	D	0.09%	0.08%	0.08%

PHDG Overweight 86 Positions Relative to EPS

Symbol	Grade	Weight
GOOG	C	0.92%
AMD	F	0.24%
ACN	B	0.24%
LIN	C	0.23%
NEE	C	0.17%
ETN	A	0.16%
PFE	F	0.16%
BX	A	0.14%
CB	C	0.12%
MU	D	0.12%
MDT	D	0.12%
BA	F	0.11%
KKR	A	0.11%
TT	A	0.1%
AON	A	0.09%
SLB	C	0.07%
TFC	A	0.07%
FCX	F	0.07%
ALL	A	0.06%
RCL	A	0.06%
JCI	B	0.06%
NXPI	D	0.06%
NEM	D	0.05%
ACGL	C	0.04%
LULU	C	0.04%
DELL	B	0.04%
CTVA	C	0.04%
CCL	A	0.03%
VLTO	C	0.03%
WTW	B	0.03%
GRMN	B	0.03%
RVTY	F	0.02%
APTV	F	0.02%
AMCR	C	0.02%
DOC	C	0.02%
VTRS	A	0.02%
EL	F	0.02%
EG	C	0.02%
BAX	F	0.02%
DG	F	0.02%
TRMB	B	0.02%
PNR	A	0.02%
NRG	B	0.02%
ZBRA	B	0.02%
STX	C	0.02%
WDC	D	0.02%
FSLR	F	0.02%
LYB	F	0.02%
STE	D	0.02%
WBD	B	0.02%
IFF	D	0.02%
FOX	A	0.01%
QRVO	F	0.01%
WBA	F	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%
MTCH	D	0.01%
HAS	D	0.01%
HSIC	C	0.01%
CZR	F	0.01%
RL	C	0.01%
FRT	B	0.01%
WYNN	C	0.01%
AOS	F	0.01%
AES	F	0.01%
MKTX	D	0.01%
PNW	A	0.01%
CTLT	C	0.01%
AIZ	A	0.01%
GNRC	C	0.01%
BXP	C	0.01%
NCLH	B	0.01%
UHS	D	0.01%
KMX	B	0.01%
ALLE	C	0.01%
BG	D	0.01%
JNPR	D	0.01%
DLTR	F	0.01%
TPR	B	0.01%
MRNA	F	0.01%
NWS	A	0.0%

PHDG Underweight 83 Positions Relative to EPS

Symbol	Grade	Weight
LNG	A	-0.33%
APP	B	-0.28%
DHS	A	-0.2%
SCCO	F	-0.15%
FCNCA	A	-0.12%
CRBG	B	-0.11%
ZM	C	-0.09%
WDAY	B	-0.08%
EQH	C	-0.08%
MKL	A	-0.08%
PSTG	D	-0.07%
TEAM	A	-0.06%
TWLO	A	-0.06%
WLK	D	-0.05%
OVV	B	-0.05%
SSNC	B	-0.05%
DINO	D	-0.05%
FNF	B	-0.05%
HUBS	A	-0.05%
RS	B	-0.05%
ACI	C	-0.05%
DDOG	A	-0.05%
NTNX	B	-0.05%
LPLA	A	-0.05%
OC	A	-0.05%
WSM	C	-0.04%
MANH	D	-0.04%
OKTA	C	-0.04%
DT	D	-0.04%
CSL	C	-0.04%
NET	B	-0.04%
ZS	B	-0.04%
TTD	B	-0.04%
CNA	C	-0.04%
VRT	B	-0.04%
RGA	A	-0.04%
HEI	A	-0.03%
CPNG	D	-0.03%
SNOW	B	-0.03%
UTHR	C	-0.03%
BSY	F	-0.03%
PAG	B	-0.03%
PINS	F	-0.02%
EME	A	-0.02%
WTRG	B	-0.02%
WPC	C	-0.02%
PFGC	B	-0.02%
GLPI	C	-0.02%
ALNY	D	-0.02%
AVTR	F	-0.02%
GGG	B	-0.02%
USFD	A	-0.02%
ACM	B	-0.02%
LBRDK	C	-0.02%
SIRI	C	-0.02%
MDB	B	-0.02%
RPM	A	-0.02%
WSO	A	-0.02%
BAH	F	-0.02%
U	C	-0.02%
VEEV	C	-0.02%
COTY	F	-0.01%
FND	D	-0.01%
EXAS	D	-0.01%
REXR	F	-0.01%
BMRN	F	-0.01%
NBIX	C	-0.01%
WMS	F	-0.01%
AMH	C	-0.01%
SUI	C	-0.01%
MORN	B	-0.01%
XPO	B	-0.01%
TW	A	-0.01%
CASY	A	-0.01%
BLD	D	-0.01%
LII	A	-0.01%
ELS	C	-0.01%
BURL	B	-0.01%
CCK	D	-0.01%
LECO	C	-0.0%
FIVE	F	-0.0%
CELH	F	-0.0%
SAIA	B	-0.0%