PHEQ vs. ACWV ETF Comparison

Comparison of Parametric Hedged Equity ETF (PHEQ) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.57

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.30

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	ACWV
30 Days	1.99%	0.32%
60 Days	3.02%	-0.25%
90 Days	3.86%	1.23%
12 Months	16.61%	18.77%

50 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in ACWV	Overlap
ABBV	D	0.85%	0.49%	0.49%
ABT	B	0.6%	0.1%	0.1%
AEE	A	0.3%	0.11%	0.11%
AKAM	D	0.16%	0.27%	0.16%
AMGN	D	0.45%	0.34%	0.34%
BAH	F	0.12%	0.37%	0.12%
BMY	B	0.48%	0.25%	0.25%
BRK.A	B	1.42%	0.91%	0.91%
BRO	B	0.31%	0.3%	0.3%
CAG	D	0.17%	0.05%	0.05%
CMS	C	0.31%	0.16%	0.16%
COR	B	0.3%	1.05%	0.3%
CPB	D	0.18%	0.22%	0.18%
CSCO	B	0.79%	1.57%	0.79%
FANG	D	0.24%	0.06%	0.06%
FCNCA	A	0.13%	0.23%	0.13%
IBM	C	0.56%	0.73%	0.56%
JNJ	D	1.04%	1.05%	1.04%
K	A	0.34%	0.57%	0.34%
KMB	D	0.33%	0.3%	0.3%
KO	D	0.77%	0.05%	0.05%
L	A	0.24%	0.4%	0.24%
LLY	F	1.39%	0.52%	0.52%
LMT	D	0.58%	0.23%	0.23%
LNG	B	0.22%	0.16%	0.16%
MA	C	1.14%	0.19%	0.19%
MKL	A	0.23%	0.43%	0.23%
MOH	F	0.14%	0.12%	0.12%
MRK	F	0.69%	1.06%	0.69%
MSFT	F	6.55%	0.76%	0.76%
NEM	D	0.23%	0.09%	0.09%
ORCL	B	0.73%	0.54%	0.54%
PEP	F	0.72%	1.08%	0.72%
PG	A	1.09%	0.82%	0.82%
REGN	F	0.21%	0.61%	0.21%
RSG	A	0.34%	1.19%	0.34%
T	A	0.68%	0.26%	0.26%
TMUS	B	0.51%	2.03%	0.51%
TRGP	B	0.46%	0.08%	0.08%
TRV	B	0.39%	0.32%	0.32%
ULTA	F	0.23%	0.16%	0.16%
UNH	C	1.37%	0.83%	0.83%
V	A	1.28%	0.59%	0.59%
VRTX	F	0.36%	1.13%	0.36%
WDAY	B	0.13%	0.1%	0.1%
WM	A	0.44%	1.5%	0.44%
WMT	A	0.96%	1.82%	0.96%
WRB	A	0.21%	0.41%	0.21%
XOM	B	1.4%	0.1%	0.1%
YUM	B	0.33%	0.24%	0.24%

PHEQ Overweight 153 Positions Relative to ACWV

Symbol	Grade	Weight
NVDA	C	7.12%
AAPL	C	6.85%
AMZN	C	4.1%
META	D	2.66%
GOOGL	C	2.28%
TSLA	B	1.91%
GOOG	C	1.9%
JPM	A	1.73%
AVGO	D	1.71%
HD	A	1.15%
COST	B	1.07%
BAC	A	0.98%
CVX	A	0.84%
NFLX	A	0.8%
WFC	A	0.67%
LIN	D	0.67%
CRM	B	0.63%
NOW	A	0.61%
TMO	F	0.59%
TXN	C	0.59%
ISRG	A	0.58%
DIS	B	0.57%
LOW	D	0.57%
AXP	A	0.57%
CAT	B	0.55%
UNP	C	0.52%
AMD	F	0.51%
MDT	D	0.51%
ADBE	C	0.48%
KKR	A	0.46%
DE	A	0.44%
MMM	D	0.44%
CTAS	B	0.42%
ETR	B	0.4%
DAL	C	0.39%
MS	A	0.39%
BKNG	A	0.39%
PRU	A	0.37%
PLTR	B	0.36%
HWM	A	0.36%
AVB	B	0.35%
SCHW	B	0.35%
PPL	B	0.34%
KLAC	D	0.34%
LNT	A	0.33%
DOV	A	0.33%
QCOM	F	0.33%
OTIS	C	0.33%
HIG	B	0.33%
EQR	B	0.32%
EXR	D	0.32%
BA	F	0.32%
ROST	C	0.32%
MU	D	0.31%
LH	C	0.31%
HBAN	A	0.31%
DTE	C	0.31%
PANW	C	0.3%
DRI	B	0.3%
PHM	D	0.3%
APO	B	0.3%
UBER	D	0.29%
DOC	D	0.29%
LRCX	F	0.29%
CNP	B	0.28%
AME	A	0.28%
PYPL	B	0.28%
SYF	B	0.27%
MAA	B	0.27%
CFG	B	0.26%
MRVL	B	0.25%
MELI	D	0.25%
LII	A	0.25%
ARES	A	0.25%
GLW	B	0.25%
MRO	B	0.24%
FE	C	0.24%
NDAQ	A	0.24%
URI	B	0.24%
JBHT	C	0.24%
RMD	C	0.24%
EXPD	D	0.23%
LYB	F	0.22%
HEI	B	0.22%
SSNC	B	0.21%
ARE	D	0.21%
AMCR	D	0.21%
LULU	C	0.21%
PFG	D	0.2%
MSTR	C	0.2%
ESS	B	0.19%
SPOT	B	0.19%
TTD	B	0.18%
ZM	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CSL	C	0.18%
CRWD	B	0.17%
DVN	F	0.17%
IFF	D	0.16%
HAL	C	0.16%
ABNB	C	0.15%
APTV	D	0.14%
NDSN	B	0.14%
HEI	B	0.14%
ZBH	C	0.14%
ON	D	0.14%
DELL	C	0.14%
HUBS	A	0.14%
MGM	D	0.13%
DASH	A	0.13%
HUBB	B	0.13%
DDOG	A	0.13%
ALNY	D	0.13%
SQ	B	0.12%
RBLX	C	0.12%
COIN	C	0.12%
TW	A	0.11%
STLD	B	0.11%
IBKR	A	0.11%
VRT	B	0.1%
VEEV	C	0.1%
SUI	D	0.1%
DOX	D	0.09%
TRU	D	0.09%
BLDR	D	0.08%
ZS	C	0.08%
NET	B	0.07%
SCCO	F	0.07%
AGR	B	0.07%
YUMC	C	0.07%
DKNG	B	0.07%
SNOW	C	0.06%
ALGN	D	0.06%
AVTR	F	0.06%
TEAM	A	0.06%
SNAP	C	0.05%
LPLA	A	0.05%
CE	F	0.05%
OWL	A	0.05%
ILMN	D	0.05%
OKTA	C	0.04%
WLK	D	0.04%
BSY	D	0.04%
RPRX	D	0.04%
CPNG	D	0.03%
PINS	D	0.03%
SIRI	C	0.03%
ENPH	F	0.03%
RKT	F	0.03%
WSM	B	0.02%
WMG	C	0.02%
MRNA	F	0.01%

PHEQ Underweight 89 Positions Relative to ACWV

Symbol	Grade	Weight
MSI	B	-1.88%
MCK	B	-1.42%
ROP	B	-1.36%
MCD	D	-1.02%
CB	C	-0.88%
MMC	B	-0.88%
PGR	A	-0.84%
ED	D	-0.84%
KR	B	-0.83%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	C	-0.76%
WEC	A	-0.68%
GDDY	A	-0.64%
EA	A	-0.63%
ORLY	B	-0.62%
GIS	D	-0.61%
ACGL	D	-0.57%
CBOE	B	-0.54%
APH	A	-0.54%
GILD	C	-0.48%
FI	A	-0.48%
CHD	B	-0.46%
HSY	F	-0.44%
ELV	F	-0.42%
KEYS	A	-0.41%
UTHR	C	-0.4%
WCN	A	-0.39%
INCY	C	-0.38%
CHT	D	-0.37%
TJX	A	-0.37%
KDP	D	-0.36%
FFIV	B	-0.36%
CL	D	-0.35%
VRSN	F	-0.35%
AON	A	-0.35%
KHC	F	-0.33%
AJG	B	-0.33%
TSN	B	-0.32%
JNPR	F	-0.32%
NBIX	C	-0.31%
HUM	C	-0.31%
GEN	B	-0.3%
SJM	D	-0.27%
ACN	C	-0.26%
ERIE	D	-0.26%
MDLZ	F	-0.25%
CF	B	-0.25%
CI	F	-0.24%
CME	A	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
BDX	F	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
BMRN	D	-0.19%
DPZ	C	-0.19%
CAH	B	-0.18%
GD	F	-0.18%
MPC	D	-0.15%
DGX	A	-0.15%
AIZ	A	-0.13%
WIT	A	-0.12%
CTVA	C	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
WTW	B	-0.1%
PCG	A	-0.1%
TPL	A	-0.1%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
CHRW	C	-0.06%
GPC	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%