PHDG vs. RWL ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to RevenueShares Large Cap ETF (RWL)

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

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$103.10

Average Daily Volume

135,430

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	RWL
30 Days	0.66%	4.90%
60 Days	1.51%	5.46%
90 Days	1.58%	7.07%
12 Months	18.52%	29.24%

499 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in RWL	Overlap
A	D	0.04%	0.03%	0.03%
AAPL	C	3.74%	2.18%	2.18%
ABBV	D	0.32%	0.26%	0.26%
ABNB	C	0.06%	0.07%	0.06%
ABT	B	0.22%	0.22%	0.22%
ACGL	D	0.04%	0.07%	0.04%
ACN	C	0.24%	0.37%	0.24%
ADBE	C	0.25%	0.11%	0.11%
ADI	D	0.11%	0.05%	0.05%
ADM	D	0.03%	0.42%	0.03%
ADP	B	0.13%	0.11%	0.11%
ADSK	A	0.07%	0.04%	0.04%
AEE	A	0.03%	0.04%	0.03%
AEP	D	0.05%	0.1%	0.05%
AES	F	0.01%	0.05%	0.01%
AFL	B	0.06%	0.11%	0.06%
AIG	B	0.05%	0.24%	0.05%
AIZ	A	0.01%	0.07%	0.01%
AJG	B	0.07%	0.06%	0.06%
AKAM	D	0.01%	0.02%	0.01%
ALB	C	0.01%	0.05%	0.01%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.06%	0.34%	0.06%
ALLE	D	0.01%	0.02%	0.01%
AMAT	F	0.17%	0.15%	0.15%
AMCR	D	0.02%	0.07%	0.02%
AMD	F	0.24%	0.12%	0.12%
AME	A	0.05%	0.04%	0.04%
AMGN	D	0.17%	0.15%	0.15%
AMP	A	0.06%	0.12%	0.06%
AMT	D	0.1%	0.05%	0.05%
AMZN	C	2.13%	3.77%	2.13%
ANET	C	0.11%	0.04%	0.04%
ANSS	B	0.03%	0.01%	0.01%
AON	A	0.09%	0.08%	0.08%
AOS	F	0.01%	0.02%	0.01%
APA	D	0.01%	0.05%	0.01%
APD	A	0.08%	0.07%	0.07%
APH	A	0.09%	0.08%	0.08%
APTV	D	0.02%	0.09%	0.02%
ARE	D	0.02%	0.01%	0.01%
ATO	A	0.02%	0.02%	0.02%
AVB	B	0.03%	0.02%	0.02%
AVGO	D	0.86%	0.26%	0.26%
AVY	D	0.02%	0.04%	0.02%
AWK	D	0.03%	0.02%	0.02%
AXON	A	0.05%	0.02%	0.02%
AXP	A	0.17%	0.44%	0.17%
AZO	C	0.06%	0.1%	0.06%
BA	F	0.11%	0.36%	0.11%
BAC	A	0.33%	1.24%	0.33%
BALL	D	0.02%	0.07%	0.02%
BAX	D	0.02%	0.07%	0.02%
BBY	D	0.02%	0.22%	0.02%
BDX	F	0.07%	0.11%	0.07%
BEN	C	0.01%	0.05%	0.01%
BG	F	0.01%	0.28%	0.01%
BIIB	F	0.03%	0.04%	0.03%
BK	A	0.06%	0.23%	0.06%
BKNG	A	0.18%	0.16%	0.16%
BKR	B	0.05%	0.19%	0.05%
BLDR	D	0.02%	0.09%	0.02%
BLK	C	0.16%	0.13%	0.13%
BMY	B	0.13%	0.3%	0.13%
BR	A	0.03%	0.04%	0.03%
BRK.A	B	0.92%	2.13%	0.92%
BRO	B	0.03%	0.03%	0.03%
BSX	B	0.14%	0.09%	0.09%
BWA	D	0.01%	0.08%	0.01%
BX	A	0.14%	0.07%	0.07%
BXP	D	0.01%	0.02%	0.01%
C	A	0.14%	1.1%	0.14%
CAG	D	0.01%	0.06%	0.01%
CAH	B	0.03%	1.34%	0.03%
CARR	D	0.07%	0.13%	0.07%
CAT	B	0.2%	0.41%	0.2%
CB	C	0.12%	0.29%	0.12%
CBOE	B	0.02%	0.02%	0.02%
CBRE	B	0.04%	0.2%	0.04%
CCI	D	0.05%	0.03%	0.03%
CCL	B	0.03%	0.18%	0.03%
CDNS	B	0.09%	0.03%	0.03%
CDW	F	0.03%	0.09%	0.03%
CE	F	0.01%	0.03%	0.01%
CEG	D	0.08%	0.14%	0.08%
CF	B	0.02%	0.03%	0.02%
CFG	B	0.02%	0.08%	0.02%
CHD	B	0.03%	0.03%	0.03%
CHRW	C	0.01%	0.11%	0.01%
CHTR	C	0.04%	0.35%	0.04%
CI	F	0.1%	1.06%	0.1%
CINF	A	0.03%	0.06%	0.03%
CL	D	0.08%	0.09%	0.08%
CLX	B	0.02%	0.04%	0.02%
CMCSA	B	0.18%	0.73%	0.18%
CME	A	0.09%	0.03%	0.03%
CMG	B	0.09%	0.06%	0.06%
CMI	A	0.05%	0.23%	0.05%
CMS	C	0.02%	0.04%	0.02%
CNC	D	0.03%	0.68%	0.03%
CNP	B	0.02%	0.05%	0.02%
COF	B	0.08%	0.38%	0.08%
COP	C	0.14%	0.34%	0.14%
COR	B	0.05%	1.58%	0.05%
COST	B	0.44%	1.41%	0.44%
CPAY	A	0.03%	0.03%	0.03%
CPB	D	0.01%	0.05%	0.01%
CPRT	A	0.05%	0.03%	0.03%
CPT	B	0.01%	0.01%	0.01%
CRL	C	0.01%	0.02%	0.01%
CRM	B	0.35%	0.26%	0.26%
CRWD	B	0.09%	0.03%	0.03%
CSCO	B	0.25%	0.34%	0.25%
CSGP	D	0.03%	0.01%	0.01%
CSX	B	0.07%	0.09%	0.07%
CTAS	B	0.08%	0.05%	0.05%
CTLT	B	0.01%	0.02%	0.01%
CTRA	B	0.02%	0.03%	0.02%
CTSH	B	0.04%	0.11%	0.04%
CTVA	C	0.04%	0.09%	0.04%
CVS	D	0.07%	1.9%	0.07%
CVX	A	0.3%	1.25%	0.3%
CZR	F	0.01%	0.06%	0.01%
D	C	0.05%	0.07%	0.05%
DAL	C	0.04%	0.48%	0.04%
DAY	B	0.01%	0.01%	0.01%
DD	D	0.04%	0.07%	0.04%
DE	A	0.11%	0.31%	0.11%
DECK	A	0.03%	0.03%	0.03%
DELL	C	0.04%	0.59%	0.04%
DFS	B	0.05%	0.16%	0.05%
DG	F	0.02%	0.2%	0.02%
DGX	A	0.02%	0.05%	0.02%
DHI	D	0.05%	0.17%	0.05%
DHR	F	0.17%	0.12%	0.12%
DIS	B	0.21%	0.59%	0.21%
DLR	B	0.06%	0.03%	0.03%
DLTR	F	0.01%	0.16%	0.01%
DOC	D	0.02%	0.01%	0.01%
DOV	A	0.03%	0.05%	0.03%
DOW	F	0.03%	0.21%	0.03%
DPZ	C	0.02%	0.03%	0.02%
DRI	B	0.02%	0.07%	0.02%
DTE	C	0.03%	0.06%	0.03%
DUK	C	0.09%	0.16%	0.09%
DVA	B	0.01%	0.06%	0.01%
DVN	F	0.03%	0.08%	0.03%
DXCM	D	0.03%	0.02%	0.02%
EA	A	0.04%	0.04%	0.04%
EBAY	D	0.03%	0.05%	0.03%
ECL	D	0.07%	0.08%	0.07%
ED	D	0.04%	0.07%	0.04%
EFX	F	0.03%	0.03%	0.03%
EG	C	0.02%	0.08%	0.02%
EIX	B	0.03%	0.09%	0.03%
EL	F	0.02%	0.07%	0.02%
ELV	F	0.1%	0.7%	0.1%
EMN	D	0.01%	0.05%	0.01%
EMR	A	0.08%	0.12%	0.08%
ENPH	F	0.01%	0.0%	0.0%
EOG	A	0.08%	0.15%	0.08%
EPAM	C	0.02%	0.03%	0.02%
EQIX	A	0.09%	0.05%	0.05%
EQR	B	0.03%	0.01%	0.01%
EQT	B	0.03%	0.03%	0.03%
ERIE	D	0.01%	0.02%	0.01%
ES	D	0.02%	0.06%	0.02%
ESS	B	0.02%	0.01%	0.01%
ETN	A	0.16%	0.16%	0.16%
ETR	B	0.03%	0.08%	0.03%
EVRG	A	0.02%	0.03%	0.02%
EW	C	0.04%	0.03%	0.03%
EXC	C	0.04%	0.12%	0.04%
EXPD	D	0.02%	0.05%	0.02%
EXPE	B	0.02%	0.1%	0.02%
EXR	D	0.04%	0.02%	0.02%
F	C	0.05%	1.03%	0.05%
FANG	D	0.04%	0.05%	0.04%
FAST	B	0.05%	0.05%	0.05%
FCX	D	0.07%	0.14%	0.07%
FDS	B	0.02%	0.01%	0.01%
FDX	B	0.07%	0.49%	0.07%
FE	C	0.02%	0.07%	0.02%
FFIV	B	0.02%	0.02%	0.02%
FI	A	0.13%	0.13%	0.13%
FICO	B	0.06%	0.01%	0.01%
FIS	C	0.05%	0.06%	0.05%
FITB	A	0.03%	0.08%	0.03%
FMC	D	0.01%	0.02%	0.01%
FOX	A	0.01%	0.05%	0.01%
FOXA	B	0.01%	0.05%	0.01%
FRT	B	0.01%	0.01%	0.01%
FSLR	F	0.02%	0.02%	0.02%
FTNT	C	0.06%	0.04%	0.04%
FTV	C	0.03%	0.03%	0.03%
GD	F	0.08%	0.24%	0.08%
GDDY	A	0.03%	0.03%	0.03%
GE	D	0.21%	0.21%	0.21%
GEHC	F	0.04%	0.1%	0.04%
GEN	B	0.02%	0.02%	0.02%
GEV	B	0.1%	0.25%	0.1%
GILD	C	0.12%	0.17%	0.12%
GIS	D	0.04%	0.1%	0.04%
GL	B	0.01%	0.03%	0.01%
GLW	B	0.04%	0.08%	0.04%
GM	B	0.07%	1.22%	0.07%
GNRC	B	0.01%	0.03%	0.01%
GOOG	C	0.92%	1.01%	0.92%
GOOGL	C	1.11%	1.01%	1.01%
GPC	D	0.02%	0.11%	0.02%
GPN	B	0.03%	0.06%	0.03%
GRMN	B	0.03%	0.04%	0.03%
GS	A	0.2%	0.82%	0.2%
GWW	B	0.06%	0.11%	0.06%
HAL	C	0.03%	0.14%	0.03%
HAS	D	0.01%	0.02%	0.01%
HBAN	A	0.03%	0.08%	0.03%
HCA	F	0.07%	0.33%	0.07%
HD	A	0.43%	0.89%	0.43%
HES	B	0.04%	0.08%	0.04%
HIG	B	0.04%	0.14%	0.04%
HII	D	0.01%	0.05%	0.01%
HLT	A	0.07%	0.07%	0.07%
HOLX	D	0.02%	0.02%	0.02%
HON	B	0.16%	0.23%	0.16%
HPE	B	0.03%	0.2%	0.03%
HPQ	B	0.04%	0.32%	0.04%
HRL	D	0.01%	0.06%	0.01%
HSIC	B	0.01%	0.06%	0.01%
HST	C	0.01%	0.03%	0.01%
HSY	F	0.03%	0.05%	0.03%
HUBB	B	0.03%	0.03%	0.03%
HUM	C	0.04%	0.54%	0.04%
HWM	A	0.05%	0.05%	0.05%
IBM	C	0.21%	0.33%	0.21%
ICE	C	0.1%	0.06%	0.06%
IDXX	F	0.04%	0.02%	0.02%
IEX	B	0.02%	0.02%	0.02%
IFF	D	0.02%	0.05%	0.02%
INCY	C	0.01%	0.03%	0.01%
INTC	D	0.12%	0.39%	0.12%
INTU	C	0.21%	0.1%	0.1%
INVH	D	0.02%	0.01%	0.01%
IP	B	0.02%	0.12%	0.02%
IPG	D	0.01%	0.06%	0.01%
IQV	D	0.04%	0.07%	0.04%
IR	B	0.04%	0.04%	0.04%
IRM	D	0.04%	0.03%	0.03%
ISRG	A	0.21%	0.05%	0.05%
IT	C	0.04%	0.04%	0.04%
ITW	B	0.08%	0.09%	0.08%
IVZ	B	0.01%	0.04%	0.01%
J	F	0.02%	0.09%	0.02%
JBHT	C	0.02%	0.07%	0.02%
JBL	B	0.02%	0.2%	0.02%
JCI	C	0.06%	0.17%	0.06%
JKHY	D	0.01%	0.01%	0.01%
JNJ	D	0.39%	0.44%	0.39%
JNPR	F	0.01%	0.03%	0.01%
JPM	A	0.74%	1.74%	0.74%
K	A	0.02%	0.07%	0.02%
KDP	D	0.04%	0.07%	0.04%
KEY	B	0.02%	0.07%	0.02%
KEYS	A	0.03%	0.03%	0.03%
KHC	F	0.03%	0.13%	0.03%
KIM	A	0.02%	0.01%	0.01%
KKR	A	0.11%	0.16%	0.11%
KLAC	D	0.09%	0.05%	0.05%
KMB	D	0.05%	0.1%	0.05%
KMI	A	0.06%	0.11%	0.06%
KMX	B	0.01%	0.14%	0.01%
KO	D	0.26%	0.22%	0.22%
KR	B	0.04%	0.87%	0.04%
KVUE	A	0.05%	0.09%	0.05%
L	A	0.02%	0.1%	0.02%
LDOS	C	0.02%	0.09%	0.02%
LEN	D	0.04%	0.18%	0.04%
LH	C	0.02%	0.07%	0.02%
LHX	C	0.05%	0.12%	0.05%
LIN	D	0.23%	0.17%	0.17%
LKQ	D	0.01%	0.07%	0.01%
LLY	F	0.67%	0.18%	0.18%
LMT	D	0.12%	0.37%	0.12%
LNT	A	0.02%	0.02%	0.02%
LOW	D	0.17%	0.49%	0.17%
LRCX	F	0.11%	0.08%	0.08%
LULU	C	0.04%	0.07%	0.04%
LUV	C	0.02%	0.17%	0.02%
LVS	C	0.02%	0.08%	0.02%
LW	C	0.01%	0.04%	0.01%
LYB	F	0.02%	0.2%	0.02%
LYV	A	0.02%	0.17%	0.02%
MA	C	0.46%	0.15%	0.15%
MAA	B	0.02%	0.01%	0.01%
MAR	B	0.07%	0.16%	0.07%
MAS	D	0.02%	0.04%	0.02%
MCD	D	0.23%	0.14%	0.14%
MCHP	D	0.04%	0.03%	0.03%
MCK	B	0.09%	2.03%	0.09%
MCO	B	0.08%	0.04%	0.04%
MDLZ	F	0.09%	0.17%	0.09%
MDT	D	0.12%	0.17%	0.12%
MET	A	0.05%	0.41%	0.05%
META	D	1.36%	0.91%	0.91%
MGM	D	0.01%	0.1%	0.01%
MHK	D	0.01%	0.05%	0.01%
MKC	D	0.02%	0.03%	0.02%
MKTX	D	0.01%	0.0%	0.0%
MLM	B	0.04%	0.04%	0.04%
MMC	B	0.12%	0.13%	0.12%
MMM	D	0.08%	0.13%	0.08%
MNST	C	0.04%	0.04%	0.04%
MO	A	0.1%	0.12%	0.1%
MOH	F	0.02%	0.18%	0.02%
MOS	F	0.01%	0.07%	0.01%
MPC	D	0.06%	0.79%	0.06%
MPWR	F	0.03%	0.01%	0.01%
MRK	F	0.27%	0.29%	0.27%
MRNA	F	0.01%	0.02%	0.01%
MRO	B	0.02%	0.04%	0.02%
MS	A	0.18%	0.76%	0.18%
MSCI	C	0.05%	0.02%	0.02%
MSFT	F	3.42%	1.34%	1.34%
MSI	B	0.09%	0.06%	0.06%
MTB	A	0.04%	0.09%	0.04%
MTCH	D	0.01%	0.02%	0.01%
MTD	D	0.03%	0.02%	0.02%
MU	D	0.12%	0.13%	0.12%
NCLH	B	0.01%	0.07%	0.01%
NDAQ	A	0.03%	0.04%	0.03%
NDSN	B	0.02%	0.01%	0.01%
NEE	D	0.17%	0.12%	0.12%
NEM	D	0.05%	0.06%	0.05%
NFLX	A	0.39%	0.24%	0.24%
NI	A	0.02%	0.03%	0.02%
NKE	D	0.1%	0.27%	0.1%
NOC	D	0.07%	0.22%	0.07%
NOW	A	0.23%	0.07%	0.07%
NRG	B	0.02%	0.18%	0.02%
NSC	B	0.06%	0.07%	0.06%
NTAP	C	0.03%	0.04%	0.03%
NTRS	A	0.02%	0.1%	0.02%
NUE	C	0.04%	0.18%	0.04%
NVDA	C	3.89%	0.65%	0.65%
NVR	D	0.03%	0.05%	0.03%
NWS	B	0.0%	0.03%	0.0%
NWSA	B	0.01%	0.03%	0.01%
NXPI	D	0.06%	0.07%	0.06%
O	D	0.05%	0.02%	0.02%
ODFL	B	0.05%	0.04%	0.04%
OKE	A	0.07%	0.12%	0.07%
OMC	C	0.02%	0.09%	0.02%
ON	D	0.03%	0.04%	0.03%
ORCL	B	0.32%	0.34%	0.32%
ORLY	B	0.08%	0.1%	0.08%
OTIS	C	0.04%	0.08%	0.04%
OXY	D	0.04%	0.15%	0.04%
PANW	C	0.14%	0.05%	0.05%
PARA	C	0.01%	0.17%	0.01%
PAYC	B	0.01%	0.01%	0.01%
PAYX	C	0.05%	0.03%	0.03%
PCAR	B	0.07%	0.23%	0.07%
PCG	A	0.05%	0.14%	0.05%
PEG	A	0.05%	0.06%	0.05%
PEP	F	0.24%	0.47%	0.24%
PFE	D	0.16%	0.27%	0.16%
PFG	D	0.02%	0.09%	0.02%
PG	A	0.42%	0.44%	0.42%
PGR	A	0.16%	0.38%	0.16%
PH	A	0.1%	0.13%	0.1%
PHM	D	0.03%	0.09%	0.03%
PKG	A	0.02%	0.05%	0.02%
PLD	D	0.11%	0.04%	0.04%
PLTR	B	0.13%	0.02%	0.02%
PM	B	0.21%	0.2%	0.2%
PNC	B	0.09%	0.21%	0.09%
PNR	A	0.02%	0.03%	0.02%
PNW	B	0.01%	0.03%	0.01%
PODD	C	0.02%	0.01%	0.01%
POOL	C	0.01%	0.03%	0.01%
PPG	F	0.03%	0.1%	0.03%
PPL	B	0.03%	0.05%	0.03%
PRU	A	0.05%	0.36%	0.05%
PSA	D	0.06%	0.02%	0.02%
PSX	C	0.06%	0.86%	0.06%
PTC	A	0.02%	0.01%	0.01%
PWR	A	0.05%	0.15%	0.05%
PYPL	B	0.09%	0.21%	0.09%
QCOM	F	0.2%	0.2%	0.2%
QRVO	F	0.01%	0.01%	0.01%
RCL	A	0.06%	0.12%	0.06%
REG	B	0.01%	0.01%	0.01%
REGN	F	0.09%	0.05%	0.05%
RF	A	0.03%	0.06%	0.03%
RJF	A	0.03%	0.11%	0.03%
RL	B	0.01%	0.04%	0.01%
RMD	C	0.04%	0.02%	0.02%
ROK	B	0.04%	0.05%	0.04%
ROL	B	0.02%	0.02%	0.02%
ROP	B	0.07%	0.04%	0.04%
ROST	C	0.05%	0.11%	0.05%
RSG	A	0.05%	0.09%	0.05%
RTX	C	0.17%	0.4%	0.17%
RVTY	F	0.02%	0.01%	0.01%
SBAC	D	0.03%	0.01%	0.01%
SBUX	A	0.12%	0.2%	0.12%
SCHW	B	0.13%	0.18%	0.13%
SHW	A	0.1%	0.13%	0.1%
SJM	D	0.01%	0.04%	0.01%
SLB	C	0.07%	0.21%	0.07%
SMCI	F	0.01%	0.03%	0.01%
SNA	A	0.02%	0.04%	0.02%
SNPS	B	0.09%	0.04%	0.04%
SO	D	0.1%	0.14%	0.1%
SOLV	C	0.01%	0.04%	0.01%
SPG	B	0.06%	0.03%	0.03%
SPGI	C	0.18%	0.07%	0.07%
SRE	A	0.06%	0.08%	0.06%
STE	F	0.02%	0.03%	0.02%
STLD	B	0.02%	0.12%	0.02%
STT	A	0.03%	0.12%	0.03%
STX	D	0.02%	0.03%	0.02%
STZ	D	0.04%	0.05%	0.04%
SW	A	0.03%	0.12%	0.03%
SWK	D	0.01%	0.07%	0.01%
SWKS	F	0.01%	0.02%	0.01%
SYF	B	0.03%	0.15%	0.03%
SYK	C	0.14%	0.12%	0.12%
SYY	B	0.04%	0.42%	0.04%
T	A	0.17%	0.69%	0.17%
TAP	C	0.01%	0.07%	0.01%
TDG	D	0.08%	0.04%	0.04%
TDY	B	0.02%	0.03%	0.02%
TECH	D	0.01%	0.01%	0.01%
TER	D	0.02%	0.01%	0.01%
TFC	A	0.07%	0.16%	0.07%
TFX	F	0.01%	0.01%	0.01%
TGT	F	0.08%	0.6%	0.08%
TJX	A	0.15%	0.31%	0.15%
TMO	F	0.22%	0.2%	0.2%
TMUS	B	0.13%	0.51%	0.13%
TPR	B	0.01%	0.05%	0.01%
TRGP	B	0.05%	0.12%	0.05%
TRMB	B	0.02%	0.03%	0.02%
TROW	B	0.03%	0.04%	0.03%
TRV	B	0.06%	0.26%	0.06%
TSCO	D	0.03%	0.08%	0.03%
TSLA	B	0.93%	0.71%	0.71%
TSN	B	0.02%	0.3%	0.02%
TT	A	0.1%	0.12%	0.1%
TTWO	A	0.03%	0.04%	0.03%
TXN	C	0.2%	0.09%	0.09%
TXT	D	0.02%	0.07%	0.02%
TYL	B	0.03%	0.01%	0.01%
UAL	A	0.03%	0.56%	0.03%
UBER	D	0.16%	0.22%	0.16%
UDR	B	0.01%	0.01%	0.01%
UHS	D	0.01%	0.07%	0.01%
ULTA	F	0.02%	0.06%	0.02%
UNH	C	0.59%	2.1%	0.59%
UNP	C	0.15%	0.13%	0.13%
UPS	C	0.1%	0.51%	0.1%
URI	B	0.06%	0.09%	0.06%
USB	A	0.08%	0.26%	0.08%
V	A	0.56%	0.21%	0.21%
VICI	C	0.04%	0.02%	0.02%
VLO	C	0.05%	0.8%	0.05%
VLTO	D	0.03%	0.03%	0.03%
VMC	B	0.04%	0.05%	0.04%
VRSK	A	0.04%	0.02%	0.02%
VRSN	F	0.02%	0.01%	0.01%
VRTX	F	0.13%	0.06%	0.06%
VST	B	0.05%	0.13%	0.05%
VTR	C	0.03%	0.03%	0.03%
VTRS	A	0.02%	0.09%	0.02%
VZ	C	0.19%	0.68%	0.19%
WAB	B	0.04%	0.07%	0.04%
WAT	B	0.02%	0.02%	0.02%
WBA	F	0.01%	0.77%	0.01%
WBD	C	0.02%	0.25%	0.02%
WDC	D	0.02%	0.07%	0.02%
WEC	A	0.03%	0.05%	0.03%
WELL	A	0.08%	0.04%	0.04%
WFC	A	0.27%	0.93%	0.27%
WM	A	0.09%	0.12%	0.09%
WMB	A	0.07%	0.07%	0.07%
WMT	A	0.4%	3.83%	0.4%
WRB	A	0.02%	0.07%	0.02%
WST	C	0.03%	0.02%	0.02%
WTW	B	0.03%	0.06%	0.03%
WY	D	0.02%	0.04%	0.02%
WYNN	D	0.01%	0.05%	0.01%
XEL	A	0.04%	0.08%	0.04%
XOM	B	0.58%	2.04%	0.58%
XYL	D	0.03%	0.04%	0.03%
YUM	B	0.04%	0.04%	0.04%
ZBH	C	0.02%	0.04%	0.02%
ZBRA	B	0.02%	0.03%	0.02%
ZTS	D	0.09%	0.04%	0.04%

PHDG Overweight 0 Positions Relative to RWL

	Symbol	Grade	Weight

PHDG Underweight 0 Positions Relative to RWL

	Symbol	Grade	Weight