PHDG vs. SYII ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Syntax Stratified Total Market II ETF (SYII)

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

$38.03

Average Daily Volume

13,932

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

SYII

Syntax Stratified Total Market II ETF

SYII Description

The fund seeks Stratified WeightTM exposure to a broad range of stocks representative of approximately 90% of the total U.S. market capitalization through active investments in ETFs, or underlying securities.

Grade (RS Rating)

Last Trade

$49.84

Average Daily Volume

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	SYII
30 Days	2.26%	3.56%
60 Days	-2.53%	5.80%
90 Days	0.76%	7.72%
12 Months	25.03%	21.90%

500 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in SYII	Overlap
A	B	0.05%	0.15%	0.05%
AAPL	C	3.97%	0.51%	0.51%
ABBV	C	0.39%	0.25%	0.25%
ABNB	D	0.07%	0.12%	0.07%
ABT	C	0.23%	0.06%	0.06%
ACGL	A	0.05%	0.15%	0.05%
ACN	B	0.25%	0.13%	0.13%
ADBE	F	0.26%	0.16%	0.16%
ADI	B	0.13%	0.23%	0.13%
ADM	F	0.03%	0.38%	0.03%
ADP	A	0.13%	0.22%	0.13%
ADSK	B	0.07%	0.17%	0.07%
AEE	A	0.03%	0.08%	0.03%
AEP	C	0.06%	0.24%	0.06%
AES	C	0.02%	0.31%	0.02%
AFL	A	0.06%	0.2%	0.06%
AIG	C	0.05%	0.2%	0.05%
AIZ	B	0.01%	0.2%	0.01%
AJG	C	0.07%	0.04%	0.04%
AKAM	D	0.02%	0.28%	0.02%
ALB	D	0.01%	0.05%	0.01%
ALGN	D	0.02%	0.1%	0.02%
ALL	A	0.06%	0.2%	0.06%
ALLE	A	0.01%	0.08%	0.01%
AMAT	C	0.19%	0.17%	0.17%
AMCR	C	0.02%	0.13%	0.02%
AMD	C	0.31%	0.14%	0.14%
AME	C	0.05%	0.13%	0.05%
AMGN	D	0.2%	0.25%	0.2%
AMP	A	0.05%	0.09%	0.05%
AMT	D	0.12%	0.07%	0.07%
AMZN	C	2.01%	0.23%	0.23%
ANET	A	0.11%	0.21%	0.11%
ANSS	D	0.03%	0.17%	0.03%
AON	A	0.09%	0.04%	0.04%
AOS	C	0.01%	0.2%	0.01%
APA	F	0.01%	0.08%	0.01%
APD	C	0.08%	0.05%	0.05%
APH	D	0.09%	0.2%	0.09%
APTV	D	0.02%	0.39%	0.02%
ARE	D	0.02%	0.11%	0.02%
ATO	A	0.02%	0.33%	0.02%
AVB	C	0.04%	0.11%	0.04%
AVGO	B	0.92%	0.23%	0.23%
AVY	D	0.02%	0.06%	0.02%
AWK	D	0.03%	0.33%	0.03%
AXON	A	0.03%	0.09%	0.03%
AXP	A	0.17%	0.05%	0.05%
AZO	D	0.06%	0.14%	0.06%
BA	F	0.1%	0.17%	0.1%
BAC	B	0.3%	0.13%	0.13%
BALL	C	0.02%	0.13%	0.02%
BAX	D	0.02%	0.05%	0.02%
BBWI	F	0.01%	0.18%	0.01%
BBY	C	0.02%	0.17%	0.02%
BDX	C	0.08%	0.05%	0.05%
BEN	F	0.01%	0.09%	0.01%
BG	F	0.02%	0.37%	0.02%
BIIB	F	0.03%	0.25%	0.03%
BK	A	0.06%	0.12%	0.06%
BKNG	B	0.16%	0.1%	0.1%
BKR	B	0.04%	0.36%	0.04%
BLDR	C	0.03%	0.2%	0.03%
BLK	A	0.15%	0.09%	0.09%
BMY	A	0.12%	0.26%	0.12%
BR	B	0.03%	0.11%	0.03%
BRK.A	B	0.96%	0.51%	0.51%
BRO	A	0.03%	0.04%	0.03%
BSX	A	0.14%	0.06%	0.06%
BWA	C	0.01%	0.41%	0.01%
BX	C	0.13%	0.09%	0.09%
BXP	B	0.01%	0.11%	0.01%
C	B	0.14%	0.13%	0.13%
CAG	D	0.02%	0.22%	0.02%
CAH	B	0.03%	0.19%	0.03%
CARR	A	0.08%	0.08%	0.08%
CAT	A	0.22%	0.14%	0.14%
CB	A	0.12%	0.14%	0.12%
CBOE	B	0.02%	0.04%	0.02%
CBRE	C	0.04%	0.04%	0.04%
CCI	D	0.06%	0.07%	0.06%
CCL	C	0.02%	0.09%	0.02%
CDNS	D	0.09%	0.34%	0.09%
CDW	D	0.04%	0.13%	0.04%
CE	D	0.02%	0.07%	0.02%
CEG	A	0.09%	0.39%	0.09%
CF	A	0.02%	0.09%	0.02%
CFG	C	0.02%	0.06%	0.02%
CHD	D	0.03%	0.43%	0.03%
CHRW	C	0.01%	0.09%	0.01%
CHTR	D	0.04%	0.48%	0.04%
CI	D	0.11%	0.2%	0.11%
CINF	A	0.02%	0.14%	0.02%
CL	D	0.1%	0.42%	0.1%
CLX	C	0.02%	0.43%	0.02%
CMCSA	B	0.18%	0.52%	0.18%
CME	A	0.09%	0.05%	0.05%
CMG	C	0.09%	0.52%	0.09%
CMI	A	0.05%	0.08%	0.05%
CMS	A	0.02%	0.08%	0.02%
CNC	F	0.05%	0.26%	0.05%
CNP	B	0.02%	0.26%	0.02%
COF	A	0.07%	0.71%	0.07%
COP	D	0.14%	0.08%	0.08%
COR	F	0.04%	0.19%	0.04%
COST	C	0.45%	0.74%	0.45%
CPAY	A	0.03%	0.05%	0.03%
CPB	D	0.01%	0.21%	0.01%
CPRT	B	0.05%	0.23%	0.05%
CPT	C	0.02%	0.11%	0.02%
CRL	F	0.01%	0.14%	0.01%
CRM	B	0.31%	0.36%	0.31%
CRWD	D	0.08%	0.19%	0.08%
CSCO	A	0.24%	0.21%	0.21%
CSGP	F	0.04%	0.04%	0.04%
CSX	D	0.08%	0.09%	0.08%
CTAS	C	0.08%	0.18%	0.08%
CTLT	A	0.01%	0.25%	0.01%
CTRA	D	0.02%	0.17%	0.02%
CTSH	B	0.04%	0.13%	0.04%
CTVA	A	0.05%	0.09%	0.05%
CVS	D	0.09%	0.67%	0.09%
CVX	B	0.28%	0.79%	0.28%
CZR	B	0.01%	0.07%	0.01%
D	A	0.06%	0.25%	0.06%
DAL	C	0.04%	0.26%	0.04%
DAY	C	0.01%	0.23%	0.01%
DD	C	0.04%	0.05%	0.04%
DE	C	0.12%	0.13%	0.12%
DECK	B	0.03%	0.3%	0.03%
DELL	C	0.04%	0.17%	0.04%
DFS	A	0.04%	0.69%	0.04%
DG	F	0.02%	0.17%	0.02%
DGX	D	0.02%	0.17%	0.02%
DHI	C	0.06%	0.25%	0.06%
DHR	D	0.2%	0.1%	0.1%
DIS	D	0.2%	0.21%	0.2%
DLR	C	0.06%	0.27%	0.06%
DLTR	F	0.02%	0.17%	0.02%
DOC	C	0.02%	0.11%	0.02%
DOV	C	0.03%	0.17%	0.03%
DOW	B	0.04%	0.07%	0.04%
DPZ	D	0.02%	0.53%	0.02%
DRI	C	0.02%	0.54%	0.02%
DTE	B	0.03%	0.25%	0.03%
DUK	C	0.1%	0.08%	0.08%
DVA	C	0.01%	0.11%	0.01%
DVN	F	0.03%	0.17%	0.03%
DXCM	F	0.03%	0.1%	0.03%
EA	D	0.04%	0.49%	0.04%
EBAY	A	0.04%	0.23%	0.04%
ECL	C	0.07%	0.05%	0.05%
ED	C	0.04%	0.25%	0.04%
EFX	D	0.04%	0.04%	0.04%
EG	A	0.02%	0.14%	0.02%
EIX	C	0.04%	0.25%	0.04%
EL	D	0.03%	0.47%	0.03%
ELV	F	0.14%	0.26%	0.14%
EMN	C	0.02%	0.05%	0.02%
EMR	B	0.07%	0.03%	0.03%
ENPH	F	0.02%	0.27%	0.02%
EOG	B	0.08%	0.08%	0.08%
EPAM	F	0.01%	0.13%	0.01%
EQIX	C	0.1%	0.28%	0.1%
EQR	C	0.03%	0.11%	0.03%
EQT	C	0.02%	0.18%	0.02%
ERIE	A	0.02%	0.21%	0.02%
ES	D	0.03%	0.08%	0.03%
ESS	D	0.02%	0.11%	0.02%
ETN	B	0.15%	0.27%	0.15%
ETR	A	0.03%	0.26%	0.03%
EVRG	C	0.02%	0.08%	0.02%
EW	F	0.05%	0.06%	0.05%
EXC	C	0.05%	0.3%	0.05%
EXPD	D	0.02%	0.09%	0.02%
EXPE	B	0.02%	0.12%	0.02%
EXR	D	0.04%	0.11%	0.04%
F	D	0.05%	0.25%	0.05%
FANG	D	0.04%	0.08%	0.04%
FAST	C	0.05%	0.13%	0.05%
FCX	B	0.08%	0.29%	0.08%
FDS	C	0.02%	0.04%	0.02%
FDX	F	0.07%	0.08%	0.07%
FE	C	0.03%	0.25%	0.03%
FFIV	B	0.01%	0.21%	0.01%
FI	A	0.12%	0.06%	0.06%
FICO	C	0.05%	0.04%	0.04%
FIS	A	0.05%	0.06%	0.05%
FITB	C	0.03%	0.06%	0.03%
FMC	C	0.01%	0.09%	0.01%
FOX	B	0.01%	0.11%	0.01%
FOXA	B	0.01%	0.11%	0.01%
FRT	D	0.01%	0.07%	0.01%
FSLR	C	0.03%	0.2%	0.03%
FTNT	A	0.06%	0.17%	0.06%
FTV	C	0.03%	0.03%	0.03%
GD	C	0.09%	0.17%	0.09%
GDDY	B	0.03%	0.28%	0.03%
GE	B	0.23%	0.18%	0.18%
GEHC	C	0.04%	0.11%	0.04%
GEN	A	0.02%	0.17%	0.02%
GEV	A	0.08%	0.19%	0.08%
GILD	A	0.12%	0.25%	0.12%
GIS	C	0.05%	0.21%	0.05%
GL	C	0.01%	0.21%	0.01%
GLW	C	0.04%	0.2%	0.04%
GM	D	0.06%	0.26%	0.06%
GNRC	B	0.01%	0.08%	0.01%
GOOG	B	0.91%	0.23%	0.23%
GOOGL	B	1.1%	0.23%	0.23%
GPC	D	0.02%	0.15%	0.02%
GPN	F	0.03%	0.04%	0.03%
GRMN	D	0.03%	0.34%	0.03%
GS	B	0.18%	0.26%	0.18%
GWW	B	0.05%	0.13%	0.05%
HAL	D	0.03%	0.36%	0.03%
HAS	A	0.01%	0.26%	0.01%
HBAN	B	0.02%	0.06%	0.02%
HCA	C	0.09%	0.34%	0.09%
HD	A	0.45%	0.26%	0.26%
HES	D	0.04%	0.08%	0.04%
HIG	A	0.04%	0.14%	0.04%
HII	F	0.01%	0.08%	0.01%
HLT	A	0.07%	0.12%	0.07%
HOLX	D	0.02%	0.1%	0.02%
HON	C	0.16%	0.17%	0.16%
HPE	B	0.03%	0.18%	0.03%
HPQ	B	0.04%	0.36%	0.04%
HRL	F	0.01%	0.37%	0.01%
HSIC	D	0.01%	0.2%	0.01%
HST	D	0.01%	0.12%	0.01%
HSY	D	0.03%	0.18%	0.03%
HUBB	A	0.03%	0.26%	0.03%
HUM	F	0.04%	0.26%	0.04%
HWM	A	0.04%	0.08%	0.04%
IBM	A	0.23%	0.34%	0.23%
ICE	A	0.1%	0.04%	0.04%
IDXX	D	0.05%	0.1%	0.05%
IEX	D	0.02%	0.2%	0.02%
IFF	D	0.03%	0.05%	0.03%
INCY	B	0.01%	0.25%	0.01%
INTC	D	0.12%	0.16%	0.12%
INTU	F	0.2%	0.21%	0.2%
INVH	D	0.02%	0.11%	0.02%
IP	C	0.02%	0.06%	0.02%
IPG	D	0.01%	0.34%	0.01%
IQV	F	0.05%	0.14%	0.05%
IR	A	0.05%	0.2%	0.05%
IRM	B	0.04%	0.07%	0.04%
ISRG	C	0.2%	0.12%	0.12%
IT	A	0.05%	0.14%	0.05%
ITW	C	0.08%	0.17%	0.08%
IVZ	A	0.01%	0.09%	0.01%
J	F	0.02%	0.39%	0.02%
JBHT	D	0.02%	0.09%	0.02%
JBL	C	0.02%	0.36%	0.02%
JCI	C	0.06%	0.08%	0.06%
JKHY	A	0.01%	0.05%	0.01%
JNJ	D	0.44%	0.25%	0.25%
JNPR	C	0.01%	0.2%	0.01%
JPM	C	0.68%	0.13%	0.13%
K	B	0.02%	0.19%	0.02%
KDP	C	0.04%	0.25%	0.04%
KEY	B	0.02%	0.06%	0.02%
KEYS	B	0.03%	0.21%	0.03%
KHC	F	0.04%	0.21%	0.04%
KIM	C	0.02%	0.07%	0.02%
KKR	A	0.1%	0.09%	0.09%
KLAC	B	0.12%	0.17%	0.12%
KMB	D	0.06%	0.42%	0.06%
KMI	A	0.05%	0.26%	0.05%
KMX	F	0.01%	0.15%	0.01%
KO	C	0.32%	0.25%	0.25%
KR	C	0.04%	0.75%	0.04%
KVUE	C	0.05%	0.42%	0.05%
L	C	0.02%	0.5%	0.02%
LDOS	A	0.02%	0.14%	0.02%
LEN	C	0.05%	0.25%	0.05%
LHX	A	0.05%	0.08%	0.05%
LIN	C	0.26%	0.05%	0.05%
LKQ	F	0.01%	0.15%	0.01%
LLY	D	0.79%	0.25%	0.25%
LMT	A	0.14%	0.09%	0.09%
LNT	B	0.02%	0.08%	0.02%
LOW	C	0.17%	0.26%	0.17%
LRCX	D	0.12%	0.17%	0.12%
LULU	D	0.04%	0.3%	0.04%
LUV	B	0.02%	0.26%	0.02%
LVS	B	0.02%	0.07%	0.02%
LW	D	0.01%	0.22%	0.01%
LYB	B	0.03%	0.07%	0.03%
LYV	A	0.02%	0.09%	0.02%
MA	A	0.47%	0.05%	0.05%
MAA	D	0.02%	0.11%	0.02%
MAR	A	0.07%	0.12%	0.07%
MAS	C	0.02%	0.19%	0.02%
MCD	A	0.25%	0.51%	0.25%
MCHP	F	0.05%	0.13%	0.05%
MCK	F	0.07%	0.18%	0.07%
MCO	D	0.09%	0.04%	0.04%
MDLZ	D	0.11%	0.18%	0.11%
MDT	C	0.13%	0.06%	0.06%
MET	A	0.06%	0.21%	0.06%
META	A	1.42%	0.48%	0.48%
MGM	D	0.01%	0.07%	0.01%
MHK	C	0.01%	0.19%	0.01%
MKC	C	0.02%	0.21%	0.02%
MKTX	B	0.01%	0.05%	0.01%
MLM	F	0.04%	0.17%	0.04%
MMC	D	0.13%	0.04%	0.04%
MMM	C	0.09%	0.17%	0.09%
MNST	D	0.04%	0.26%	0.04%
MO	D	0.1%	0.36%	0.1%
MOH	F	0.02%	0.26%	0.02%
MOS	F	0.01%	0.08%	0.01%
MPC	D	0.06%	0.5%	0.06%
MPWR	B	0.05%	0.22%	0.05%
MRK	F	0.33%	0.25%	0.25%
MRNA	F	0.03%	0.23%	0.03%
MRO	B	0.02%	0.08%	0.02%
MS	A	0.15%	0.26%	0.15%
MSCI	B	0.05%	0.04%	0.04%
MSFT	D	3.65%	0.33%	0.33%
MSI	A	0.09%	0.51%	0.09%
MTB	A	0.03%	0.06%	0.03%
MTCH	B	0.01%	0.47%	0.01%
MTD	C	0.04%	0.15%	0.04%
MU	D	0.14%	0.14%	0.14%
NCLH	C	0.01%	0.09%	0.01%
NDAQ	C	0.03%	0.05%	0.03%
NDSN	C	0.02%	0.03%	0.02%
NEE	C	0.2%	0.25%	0.2%
NEM	C	0.07%	0.26%	0.07%
NFLX	A	0.35%	0.23%	0.23%
NI	A	0.02%	0.34%	0.02%
NKE	D	0.12%	0.33%	0.12%
NOC	B	0.08%	0.09%	0.08%
NOW	B	0.21%	0.23%	0.21%
NRG	A	0.02%	0.33%	0.02%
NSC	C	0.06%	0.08%	0.06%
NTAP	D	0.03%	0.17%	0.03%
NTRS	B	0.02%	0.09%	0.02%
NUE	D	0.04%	0.26%	0.04%
NVDA	B	3.42%	0.14%	0.14%
NVR	C	0.03%	0.22%	0.03%
NWS	D	0.0%	0.1%	0.0%
NWSA	D	0.01%	0.1%	0.01%
NXPI	F	0.07%	0.23%	0.07%
O	C	0.06%	0.07%	0.06%
ODFL	F	0.04%	0.09%	0.04%
OKE	A	0.06%	0.26%	0.06%
OMC	C	0.02%	0.34%	0.02%
ON	F	0.04%	0.22%	0.04%
ORCL	A	0.31%	0.34%	0.31%
ORLY	A	0.08%	0.16%	0.08%
OTIS	A	0.05%	0.08%	0.05%
OXY	D	0.04%	0.07%	0.04%
PANW	B	0.12%	0.17%	0.12%
PARA	F	0.01%	0.2%	0.01%
PAYC	D	0.01%	0.23%	0.01%
PAYX	B	0.05%	0.22%	0.05%
PCAR	D	0.06%	0.13%	0.06%
PCG	C	0.05%	0.08%	0.05%
PEG	A	0.05%	0.26%	0.05%
PEP	F	0.27%	0.18%	0.18%
PFE	D	0.19%	0.25%	0.19%
PFG	A	0.02%	0.21%	0.02%
PG	D	0.47%	0.43%	0.43%
PGR	B	0.17%	0.2%	0.17%
PH	A	0.09%	0.08%	0.08%
PHM	C	0.03%	0.26%	0.03%
PKG	B	0.02%	0.06%	0.02%
PLD	D	0.13%	0.07%	0.07%
PLTR	A	0.08%	0.23%	0.08%
PM	D	0.22%	0.36%	0.22%
PNC	C	0.08%	0.06%	0.06%
PNR	C	0.02%	0.2%	0.02%
PNW	C	0.01%	0.08%	0.01%
PODD	C	0.02%	0.1%	0.02%
POOL	D	0.02%	0.13%	0.02%
PPG	D	0.04%	0.07%	0.04%
PPL	C	0.03%	0.08%	0.03%
PRU	B	0.05%	0.21%	0.05%
PSA	C	0.07%	0.11%	0.07%
PSX	D	0.06%	0.51%	0.06%
PTC	B	0.03%	0.17%	0.03%
PWR	A	0.05%	0.42%	0.05%
PYPL	A	0.09%	0.06%	0.06%
QCOM	D	0.22%	0.22%	0.22%
QRVO	F	0.01%	0.21%	0.01%
RCL	B	0.05%	0.09%	0.05%
REG	C	0.01%	0.06%	0.01%
REGN	D	0.13%	0.23%	0.13%
RF	B	0.02%	0.06%	0.02%
RJF	B	0.03%	0.26%	0.03%
RL	B	0.01%	0.32%	0.01%
RMD	C	0.04%	0.1%	0.04%
ROK	D	0.04%	0.03%	0.03%
ROL	C	0.02%	0.19%	0.02%
ROP	D	0.07%	0.03%	0.03%
ROST	D	0.06%	0.74%	0.06%
RSG	D	0.05%	0.19%	0.05%
RTX	A	0.18%	0.08%	0.08%
RVTY	C	0.02%	0.1%	0.02%
SBAC	C	0.03%	0.07%	0.03%
SBUX	B	0.13%	0.48%	0.13%
SCHW	D	0.11%	0.26%	0.11%
SHW	C	0.1%	0.07%	0.07%
SJM	D	0.01%	0.21%	0.01%
SLB	D	0.07%	0.36%	0.07%
SMCI	F	0.02%	0.17%	0.02%
SNA	C	0.02%	0.25%	0.02%
SNPS	F	0.09%	0.35%	0.09%
SO	A	0.11%	0.08%	0.08%
SOLV	C	0.01%	0.05%	0.01%
SPG	A	0.06%	0.07%	0.06%
SPGI	C	0.19%	0.04%	0.04%
SRE	C	0.06%	0.08%	0.06%
STE	D	0.03%	0.12%	0.03%
STLD	C	0.02%	0.28%	0.02%
STT	A	0.03%	0.12%	0.03%
STX	C	0.02%	0.17%	0.02%
STZ	D	0.05%	0.25%	0.05%
SW	C	0.03%	0.07%	0.03%
SWK	C	0.02%	0.27%	0.02%
SWKS	F	0.02%	0.21%	0.02%
SYF	A	0.02%	0.68%	0.02%
SYK	C	0.14%	0.12%	0.12%
SYY	D	0.04%	0.75%	0.04%
T	B	0.18%	0.33%	0.18%
TAP	D	0.01%	0.25%	0.01%
TDG	A	0.09%	0.08%	0.08%
TDY	A	0.02%	0.03%	0.02%
TECH	D	0.01%	0.15%	0.01%
TEL	D	0.05%	0.19%	0.05%
TER	C	0.02%	0.17%	0.02%
TFC	D	0.07%	0.06%	0.06%
TFX	C	0.01%	0.05%	0.01%
TGT	C	0.08%	0.17%	0.08%
TJX	D	0.15%	0.74%	0.15%
TMO	D	0.27%	0.14%	0.14%
TMUS	A	0.11%	0.33%	0.11%
TPR	B	0.01%	0.32%	0.01%
TRGP	A	0.04%	0.26%	0.04%
TRMB	B	0.02%	0.03%	0.02%
TROW	D	0.03%	0.09%	0.03%
TRV	B	0.06%	0.14%	0.06%
TSCO	A	0.04%	0.12%	0.04%
TSLA	C	0.83%	0.28%	0.28%
TSN	D	0.02%	0.37%	0.02%
TT	A	0.1%	0.08%	0.08%
TTWO	D	0.03%	0.5%	0.03%
TXN	C	0.22%	0.23%	0.22%
TXT	F	0.02%	0.17%	0.02%
TYL	D	0.03%	0.22%	0.03%
UAL	A	0.02%	0.27%	0.02%
UBER	C	0.18%	0.12%	0.12%
UDR	C	0.02%	0.11%	0.02%
UHS	D	0.02%	0.35%	0.02%
ULTA	D	0.02%	0.18%	0.02%
UNH	B	0.61%	0.26%	0.26%
UNP	F	0.17%	0.08%	0.08%
UPS	D	0.11%	0.09%	0.09%
URI	C	0.06%	0.14%	0.06%
USB	C	0.08%	0.06%	0.06%
V	B	0.53%	0.04%	0.04%
VICI	C	0.04%	0.06%	0.04%
VLO	F	0.05%	0.5%	0.05%
VLTO	A	0.03%	0.03%	0.03%
VMC	D	0.04%	0.18%	0.04%
VRSK	D	0.04%	0.04%	0.04%
VRSN	C	0.02%	0.27%	0.02%
VRTX	D	0.14%	0.24%	0.14%
VST	A	0.04%	0.39%	0.04%
VTR	C	0.03%	0.11%	0.03%
VTRS	D	0.02%	0.25%	0.02%
VZ	C	0.22%	0.34%	0.22%
WAB	A	0.04%	0.13%	0.04%
WAT	B	0.02%	0.15%	0.02%
WBA	F	0.01%	0.62%	0.01%
WBD	F	0.02%	0.2%	0.02%
WDC	C	0.03%	0.17%	0.03%
WEC	B	0.03%	0.08%	0.03%
WELL	C	0.08%	0.11%	0.08%
WFC	B	0.22%	0.13%	0.13%
WM	B	0.09%	0.19%	0.09%
WMB	A	0.06%	0.26%	0.06%
WMT	A	0.4%	0.75%	0.4%
WRB	C	0.02%	0.14%	0.02%
WST	D	0.03%	0.05%	0.03%
WTW	C	0.03%	0.04%	0.03%
WY	C	0.03%	0.17%	0.03%
WYNN	B	0.01%	0.07%	0.01%
XEL	C	0.04%	0.08%	0.04%
XOM	A	0.59%	0.79%	0.59%
XYL	C	0.04%	0.19%	0.04%
YUM	C	0.05%	0.5%	0.05%
ZBH	F	0.03%	0.13%	0.03%
ZBRA	B	0.02%	0.13%	0.02%
ZTS	C	0.1%	0.25%	0.1%

PHDG Overweight 0 Positions Relative to SYII

	Symbol	Grade	Weight

PHDG Underweight 0 Positions Relative to SYII

	Symbol	Grade	Weight